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Posts Tagged ‘stock chart’

Target (TGT) Stock Price Breaking Down?

April 10, 2012 Leave a comment

Looks like the Target (TGT) stock price is breaking down. Here is the TGT 1-year stock price chart.

Target TGT 1-year stock price chart

Target TGT stock has been overbought recently

It appears that the TGT stock price is moving from a overbought status as demonstrated by the channel in the bottom chart. Whether this will continue is unknown, but it seems likely.

Now, let’s look at the TGT 5-year stock price chart.

Target TGT 5-year stock price chart

Target TGT stock price may not reach much higher

It appears that around the $60 level, TGT has difficulty breaking through. Also, for the past several years, TGT appears overbought. At these price levels, I don’t think I would be looking to purchase TGT as it does not appear to have much room to rise, and may – in fact – fall more in price.

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 advisor. 

Charts: McEwen (MUX) Price Direction Week of 3-26-12

March 25, 2012 5 comments

McEwen Mining had a nice run on Friday 3-23-12, finishing the day up 38 cents or 10.16% up. Recent action in the charts continues to be very interesting.

That being said, let’s first take a look at the following chart.

MUX Price Chart 3-23-12

MUX price may be on verge of reversing downward

MUX price temporarily fell below both the bottom of the Andrew’s Pitchfork and sell trigger lines on 3-22-12, only to jump back above the bottom line of the pitchfork on Friday 3-23-12.

That being said, the next chart may provide further information on the direction MUX will take.

Mux 1-year price chart

MUX 1-year price chart with detrended price oscillator

MUX had recently been moving down in price following rising above the upper channel of the 21-day detrended price oscillator back in January. It recently crossed the dashed white line at zero and the price fell below the 21-day exponential moving average represented by the dashed line and also by the blue line on the price chart.

It is possible that the detrended price oscillator continues to move toward and then outside of the lower end of the channel. Alternatively, it could cross the dashed line. Should it cross the white line, a price closing above the blue line on the price chart would be a signal to buy. You could then hold until the price nears or crosses below the blue line again.

Alternatively, should the detrended price oscillator rise above the upper line of the channel you could use that as a sell signal.

Next week looks to be an interesting week for MUX.

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 advisor.

Chart: SHLD Long-Term Price Trend is Down

March 24, 2012 3 comments

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.