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Tuesday, June 12, 2007 

Lehman Brothers Holdings and Ultrapetrol

Chart courtesy of stockcharts

Shares of Lehman Brothers Holdings were up just 0.38$ to 76.06$ after company said Tuesday robust stock and bond trading pushed second-quarter profit up 31 % year-over-year. For the three months ended May 31, profit after paying preferred dividends rose to $1.26 billion, or $2.21 per share, from $986 million, or $1.69 per share, a year earlier. Lehman shares have been in focus all day with nearly 14 Million shares traded. Looking at the daily chart stock has broke a key resistance as show the white line, and following today share price reaction ( black candle) probably it will test this support ( previous resistance ) area soon now at 74.76$. MACD and RSI are in territory Bullish without no signs of trouble for now, however CCI maybe a litlle extended.
It seems to me that stock will develop a new uptrend at this level, let's see.

Chart courtesy of stockcharts

ULTR may be ready to breakout !!
Looking at the chart stock has had a nice run over the past few months and again stoped at the major resistance 24$. I'll be Bullish in this stock if breakout this area.


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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