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Tuesday, March 13, 2007 

CAL broke support at 38$

Chart courtesy of stockcharts

Shares of Continental Airlines fell more than 4% closing at 37.25$ after the company said it expects its mainline domestic yield, or pricing number, to be down slightly in the first quarter and regional yields to be weaker amid increased competition in the northeastern U.S. Looking at the chart CAL broke down the major support at 38$ , next support is now at 34.20$ near 200dma. All Indicators are now in Bearish territory ( RSI + MACD ).

Stocks to keep an eye tomorrow : JNPR , LOW , CHTR , UFS , PZZI , GYMB

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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