Northern Trust Corporation
(NASDAQ:NTRS) is butting up against 78.88 resistance, which is its
all-time high. A break through this key resistance level could lead to
$80-80.5, projected by the upper channel line. Thie price has been in an
orderly bullish up-channel since early Frebruary. Worth watching for a
breakout.
It looks like Giga-tronics,
Incorporated (NASDAQ:GIGA) is starting to turn back up and indicators
are giving the first bullish signs. On Friday it closed just slightly
below its 50-day EMA, which if broken could accelerate the stock toward
its June highs around the 2.20 area. A volatility squeeze seems eminent.
You want to watch the stock closely as GIGA can move quickly and you
want to be ready for this move once it happens.
Microsoft Corporation (NASDAQ:MSFT)
after topping in April, the stock has been in decline, making new lower
lows and lower highs.The stock has a strong support at about $45 and the
100-day EMA is being defended as well. Ñext week the Bulls need to hold
price above this key level on daily closing basis or the Bears will
likely keep pressing for the gap fill. Keep the stock on your trading
screen for Monday.
Here's a potential breakdown play -
500 dot com Ltd (NYSE:WBAI). Daily technical chart shows a rising wedge
pattern with a negative MACD divergence implying that a trend reversal
is on the cards.
No comments:
Post a Comment