Today we'll analyze the Stock WGO for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 19.96$ (02/29/08) to 20.88$ (03/14/08) a 0.92$ move
2- The current bearish trend started from 20.88$ at 03/14/08 and is currently trading at 18.24$.
3- According to ADX, the trend is currently bullish, which is getting stronger.
Short term chart patterns :
4- The Stock formed Double Top Pattern at 20.88.
5- The Stock formed a 1.76$ height triangle which was broken down at 18.24 in higher than usual volume, target of the pattern is 16.48.
Mid term chart patterns :
6- The Stock formed a 2.91$ height triangle which was broken down at 18.24 in higher than usual volume, target of the pattern is 15.33.
Long term chart patterns :
7- The Stock formed a 2.91$ height triangle which was broken down at 18.24 in higher than usual volume, target of the pattern is 15.33.
Conclusion:
WGO was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy .
Resistance Levels: 18.86, 19.25, 19.29, 19.56, 19.87, 20.88, 20.91, 21.34, 34.34, 34.48.
Support Levels: 16.48, 15.33,.
We Moved!!
Please check our new site : The stocks profit, for
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Friday, March 21, 2008
Winnebago Industries, Inc. (WGO) Technical Analysis
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
feel free to leave your comments on the post, or contact me
enjoy your online market trading!!
have a nice day,
Shadi
to get back to main page click here .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment