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Friday, February 02, 2007 

Hovnanian Enterprises in action today

Chart courtesy of stockcharts

Shares of Hovnanian Enterprises rose more than 5% to 35.15$, after Bank of America upgraded stock to “buy” from “neutral” , which said the markets the company serves are stabilizing. In the daily chart all Indicators are showing that stock is now in a Bull Market with MACD above 0 and stock trading again above 50 dma and 200 dma. Today HOV broke out of an important consolidation area with excellent volume and will likely have the attention of the swing-traders in the next sessions.

Stocks to watch tomorrow : AMZN , ERTS , ISRG , WINN

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 !!!!



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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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