Regional Bank SPDR breaks Resistance with Strong Move
Point & Figure charts provide clear support and resistance levels. The P&F chart below shows the Regional Bank SPDR (KRE) breaking above resistance that extends back to June (red 6 on the chart). The 2010 high around 30 marks the next target for this breakout. Click this image for a live chart
Echostar Hits the P&F Triple Top Breakout Scan $SATS
The Nasdaq Point & Figure Triple Top Breakout scan featured over 200 stocks on Friday morning. The chart below shows Echostar (SATS) breaking resistance marked by five columns of X's, which previous reversed at 22. This breakout is P&F bullish with a price objective (PO) of 29. Click this image for a live chart
A P&F triple bottom break for Whirlpool
Whirlpool (WHR) came across the
triple bottom break scan
. The stock is in a clear downtrend with lower lows and lower highs since May. WHR broke...
Flowserve with P&F triangle breakout
Flowserve (FLS) came across the bullish triangle alert page from the P&F pattern scans. On the P&F chart, notice how the stock broke above the bearish resistance line with a surge above 98. As far as Point & Figure is concerned, this chart remains bullish as long as the blue bullish support line holds. Click...
A Bullish PnF Chart for Activision
This long-term PnF chart for Activision extends back to 2003 when the stock was trading in the low single digits. After rising above 19, the stock went into corrective mode in 2008 and broke out in 2009. With the May-June (5-6 on the chart) breakout, ATVI has a bullish price objective of 22.5. Click this...
