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.