This daily chart not only provides an excellent trade setup for the day, it also educates. Every Chart of the Day is fully annotated, highlighting key technical points of interest and is accompanied by a detailed analysis of possible entry and exit points.
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FULT is a $1.8 billion financial company operating as a bank holding company that offers retail and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. On Thursday, FULT used the last couple of minutes of trading to finish the day at $9.80. While that not seem like a big deal, that close did eclipse double top highs in January and February. Volume of 1.2 million shares was average, but because the breakout literally occurred in the closing minutes, volume would not be expected to balloon throughout the day. Friday will hold the key. The Dow Jones US Financial Index has broken out - barely - and if this group continues to show strength, FULT is poised to benefit technically. We would expect the 20 day EMA to offer support on the downside with no significant resistance until it approaches $11.00.
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The new Chart of the Day is now posted!
Todays chart is Macerich Co - MAC. MAC is a $10.6 billion basic materials
company that provides flow equipment products, systems, and services to
oil, gas, and process industries worldwide. Over the past several months,
MAC...
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The new Chart of the Day is now posted!
Todays chart is China Precision Steel Inc - CPSL. CPSL is a $122 million
basic materials company that engages in the manufacture and sale of high
precision cold-rolled steel products in the People's Republic of China.
CPSL...
March 7, 2010
Issue #15
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marketREWIND
W
e have now witnessed exactly one year of tremendous stock market gains
since that stomach-churning low of 666 on the S&P 500 on March 6,
2009.
Isn't it ironic that on this anniversary, the leader of our major indices
pack -- the Russell...
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The new Chart of the Day is now posted!
Todays chart is Ingram Micro, Inc - IM. IM is a $3.0 billion computer
wholesaler that offers various IT products, including peripherals,
systems,
software, networking and others. IM made a very nice move from $10.00
earlier...
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The new Chart of the Day is now posted!
This chart takes a look at how various "aggressive" sectors have
performed versus the S&P 500 over the past year. Keep in mind it's a
relativity chart. It doesn't compute how individual sectors have
performed....
marketSNAPSHOT
