Sears Holdings New Highs Looming?

Stocktrading101 · #1 (**permalink**) 05-02-07, 12:10 PM

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:

SHLD.png

anfern057 · #2 (**permalink**) 05-02-07, 06:01 PM

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

gijoe9 · #3 (**permalink**) 05-02-07, 09:02 PM

Quote:

Originally Posted by anfern057

Btw, for a second I thought Dan posted this topic. I was shocked to see him using technical analysis...hehe

Now that is funny