( click to enlarge ) Agnico-Eagle Mines Limited (NYSE:AEM) broke out across the key line today ! The 50 day moving average has been resistance for weeks. Today price finally broke through the 50-day. Use the 50-day as your stop if you play this. Next target 38
( click to enlarge ) PepsiCo, Inc. (NYSE:PEP) is consolidating its big run-up from the 62 to 67 area. A break of 67 would confirm continuation of the upmove with a target in the 68.72 to 69 area. Stop loss would be 64.62.
( click to enlarge ) DryShips Inc. (NASDAQ:DRYS) - Looking at daily chart, I notice what may be large bull flag formation, with stock price currently near the upper end of the formation. Near current price also looms the 50-day moving average, currently near the 3.35 level, which will act as solid resistance. The chart looks very strong overall.
( click to enlarge ) Career Education Corp. (NASDAQ:CECO) Positive divergence on daily indicates bounce coming.
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
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