A few new charts for this week and some from last week that didn’t make their move yet.
SPX – Closed right here on this descending trend line & the market wants higher prices. We’re one or two rally days from multi year highs.
ALXN – Consolidating below recent highs. A move over $110 with above average volume should start the next leg higher.
XOM – I have been watching this one from last week. Still waiting on the $88.15 buy trigger.
COF – Cleared the $57.50 buy trigger Friday. Needs to stay above it and have another above average volume day.
CVX – Cleared the buy trigger Friday of $111.00. Needs to stay above that level with heavier volume.
DLTR – Clearing this descending trend line with heavy volume should start a technical trend change.
HIBB – Still watching this one from last week. $61.95. Would like to see some more volume for a continuation move higher.
PCYC – Might be ready to start the next leg higher out of this consolidation pattern. Watch volume for an average increase to roughly 1.5m shares traded daily.
Have a good one,