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May 19, 2005
Notable Charts
This is a list of notable charts. Click the “continue reading” link below to view the charts.
AIT broke triangle resistance and surged to a new high for 2005.
APOL recovered from the early May gap (exhaustion) and broke trendline resistance.
BMET firmed after the gap and held above the low in early May - look for a break above 40 to revive the bull.
FHR is part of a strong hotel group as the stock broke triangle resistance.
FNM broke triangle resistance with a surge in volume.
GE broke resistance on expanding volume and this is good for large caps.
LIN firmed immediately after the March gap and got a bounce off support with good volume Wednesday.
NYB yields 5.6% and is finding support. Despite the bearish descending triangle, upside volume is picking up at support.
ODFL declined to a support zone and upside volume is starting to pick up - watch resistance at 30.
ORB broke resistance on high volume. This is also a follow through to the two up gaps (21-Apr and 5-May)
SGMS broke falling wedge resistance with an advance on good volume.
SPW gapped up off support in early May and continued higher with expanding volume on Wed.
UTX and other defense stocks are leading. UTX broke its March high on expanding volume.
Posted by Arthur B. Hill at May 19, 2005 08:35 AM