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Friday, July 13, 2007 

Top pick for today - SFLY

Chart courtesy of stockcharts

Shutterfly shares were up on Thursday more than 7% to 23.74$, reaching during the session a new 52 week high at 24.15$. Looking at the chart SFLY has had a nice run over the past two months and made a nice trend higher, shares have broken out today the major resistance at 23$. Indicators are now all in favor of Bulls with K line back above D line and MACD back above 0. From a technical perspective stock is trading in a Bull Market with s 50 dma on top of 200 day moving average, Bulls have now the control of stock. The way and trend is clear, 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. 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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