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May 17, 2005
Notable Charts
This is a list of notable charts. Click the “continue reading” link below to view the charts.
ACGL broke resistance with a big move in Feb and then consolidated with a triangle in March and April. The stock broke resistance with a high volume move on Wed.
BBY continues to channel down since Nov-04 and a move to the August lows looks inevitable.
EP returned to broke resistance around 9.5-10 and retraced 62% of the prior advance. The stock is consolidating - watch 10.7 up and 9.8 down.
FDX broke double top support in mid April and then formed a rising flag. A move below 83 would be most bearish.
GE could hold the key to the S&P 500 as the stock consolidates between 35 and 36.7. Watch these levels for a directional signal.
GNTX has a double bottom working from Oct to May. Upside volume looks good and a break above 19 would be bullish.
IACI is finding buyers with above average gains on good volume for three of the last seven days. The stock broke resistance at 23 and should be bullish as long as 21 holds and Barry Diller stays.
MXO has an inverse head-and-shoulders working since Jul-03 with neckline resistance at 6.
ODSY continues to base and surged on good volume last week. Look for a move above 12.5 for a bullish trigger.
PGN first appeared on 25-Apr and has since gapped higher and move up on expanding volume
USIH has formed a base over the last few months and surged on good volume in early May. Watch for a break above the Dec high.
TSA advanced on high volume in March, formed a falling flag in April and ended with a nice gain on nice volume Monday.
Posted by Arthur B. Hill at May 17, 2005 08:56 AM