Sunday, October 17, 2010

Chart of the Day

Today's Chart of the the Day is DMAN. It closed above an important level - 10.85 - on Friday. As can be seen from the chart, during the last three months, this stock has a history of making a big move up after a period of consolidation and it seems like that time has arrived again. The MACD also made a bullish crossover on Friday.

Now, on to the weekly chart. 11.05 is an important level on the weekly, back from 2008, and the stock could really run on a break of this level.

Here's another stock that I like heading into tomorrow.

Take care and good luck!

No comments: