Chart courtesy of www.stockcharts.com ( click to enlarge )
Shares of Aeropostale were up today nearly 2.7% or $0.99 to $38.22, reaching during the session a new 52 week high at $38.47. The technical daily chart shows a continuation of the trend with MACD on top of 0 and K line on top of D line.There are a several indicators showing the stock is on the course to go higher. Once ARO breaks above Monday’s high of $38.47, get ready to enter the trade on the continuation move.
Chart courtesy of www.stockcharts.com ( click to enlarge )
LVS was very strong on Monday, as the stock closed up $9.86 on 2x the normal daily volume. This is a huge move for LVS, and could be the start of a breakout move. Resistance is $11.84, which was the high of May. I'm watching the stock for the breakout move and expect it to happen soon. Once LVS breaks through, we should see a heavy increase in buying. Technically, the chart looks Bullish, with the 50 dma on top of 200 dma and MACD on top of 0. In addiction with K line above D line we should see the stock continue to go up.
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. See you tomorrow !!!
AC
Labels: ARO, LVS