Home > Stock Charts > Chart: SHLD Long-Term Price Trend is Down

Chart: SHLD Long-Term Price Trend is Down

SHLD has had an incredible price surge this year from $28.89 to a high of $87.66.

Sears Holdings Corporation Stock Chart

Sears Holdings Corporation Stock Chart by YCharts

However, the recent surge has broken down a bit.

SHLD Chart 3-23-12

SHLD price breaking down?

Looking at the chart, SHLD broke through the top of the Andrew’s Pitchfork as well as the buy trigger line. However, in recent days SHLD fell back through the price trigger line and is headed back not only towards the top line of Andrew’s Pitchfork, but also through a support line going back to early January of this year.

While the recent price action of SHLD has been pretty spectacular, longer term SHLD is in a clear downward trend looking at the 5-year chart.

SHLD 5-Year Chart

SHLD 5-year chart clearly shows downward trend

Trends, of course, can always change, but the 5-year trend combined with the current chart does not offer much reason for optimism. If you’re long SHLD or thinking of going long, be aware of the current and long-term trends.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment adviser.

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