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Old 05-02-07, 12:10 PM
Stocktrading101's Avatar
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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:

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Old 05-02-07, 06:01 PM
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Ah yes SHLD. We know this one all too well my friend.

Btw, for a second I thought Dan posted this topic. I was shocked to see him using technical analysis...hehe
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Old 05-02-07, 09:02 PM
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Originally Posted by anfern057 View Post
Btw, for a second I thought Dan posted this topic. I was shocked to see him using technical analysis...hehe
Now that is funny
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