View Single Post
  #1 (permalink)  
Old 05-02-07, 01:10 PM
Stocktrading101's Avatar
Stocktrading101 Stocktrading101 is offline
The Head Honcho
 
Join Date: Nov 2005
Posts: 1,918
Sears Holdings New Highs Looming?

I like this chart of Sears Holdings (SHLD), not as much as Apple (AAPL) right now but still quite a bit. I think a strong accumulation volume break above $195 is a valid buy point. Yesterday though was a distribution day which sends some signal flares out just to be cautious. Placing a stop around the support level is not a bad idea, especially if the stock decides to trade through it on heavier volume. Chart is below:

__________________
Blain Reinkensmeyer
Founder, stocktradingtogo.com
Subscribe to the STTG Newsletter.
Reply With Quote