With Auto Parts being one of the best performing industries today, I thought it might be useful to have a look at the stocks in this industry, and sure enough I found some charts that I like here. The important levels are marked on the charts.
SMP - Has consolidated nicely the last couple of days. Watch out for the break of the upper trendline. A stop below today's lows should do the trick.
TWI - Two consecutive doji days after a big move up. Watch out for a break of 13.11.
CVGI - This is the one I like best of the lot. Trying to break out of a multi month flag after a move from 4.50 to 13.50.
ARGN - Calling bottoms is not my trading style but for all of you who like to play them, this stock seems to have found support at MA(200) after a move down.
Check out my views on today's market action and today's Chart of the Day.
Take care and good luck!
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