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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Go Team America!

chessNwine Tue May 24, 2011 2:54pm EST 2 Comments

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I am impressed with the aerospace and defense play Northrup Grunman here on all timeframes. The trigger looks to be a break and hold above $65.77. Note the sound technical base on the daily chart above all moving averages, with strong buy volume coming in recently. Also note the break above the weekly cup and handle pattern. I am watching this closely for the alert to hit.

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2 comments

  1. sombrasdvelas
    sombrasdvelas
    May 24, 2011 at 7:24 pm

    Breaking a bull flag pattern with high volume.
    It looks great.Thanks for the charts and commentary.

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