Saturday, March 10, 2012

Charts of Interest - 03/10/12

Thought I would run through a few charts on my radar this week.

$HSFT- Support $15-$15.20 with room to move above $16



$USB- Consolidating above prior breakout level. Supported by rising 10,20 and 50 day moving averages with price support at $28.50. Measured move out of recent consolidation about $1.50


$GRMN- Consolidating nicely after an enormous volume breakout. A confluence of price support and the 20 period moving average at $46.50. Breakout over $48 with a first target of $50.


$FBHS- A powerful breakout this week on strong volume and a well defined recent IPO trend. Potential for trailing prior breakout support in the event of a retest.

No comments:

Post a Comment