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Saturday, May 19, 2007 

Southwestern Energy - Breakout !!

Chart courtesy of stockcharts

SOUTHWESTERN ENERGY shares were up nearly 5% to 45.09$ breaking out an important resistance at 44$. SWN stock has been doing well this year, making new highs today makes a new one at 45.66$ followed by volume. Looking at the chart above stock broke out 44$ and reaching also a new 52 week year high, is now a stock in a Breakout Mode. Indicators are all in favor of Bulls with K line above D line and MACD back above 0. In addition stock is trading above 50 dma and 200 dma = Bullish Mode. Let's see if stock will sustain tomorrow this movement. Keep SWN in your watchlist.

Chart courtesy of stockcharts

KCAP shares can be ready to breakout. Keep an eye on stock!!!

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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