Technical Analysis Archive

Trade Lessons To Find Breakdowns & Breakouts

BreitBurn Energy Partners L.P. (BBEP) is an independent oil and gas partnership focused on the acquisition, exploitation and development of oil and gas properties in the United States. The Company’s assets consist primarily of producing and non-producing crude oil and natural gas reserves located in the Antrim Shale in Michigan, the Los

How To Profit From Support Breakdowns And Resistance Breakthroughs

Whole Foods Market, Inc. (WFMI) owns and operates a chain of natural and organic foods supermarket. As of September 30, 2008, the Company operated 275 stores organized into 11 geographic operating regions, 264 stores in 38 United States of America states and the District of Columbia; six stores in Canada, and five

Stock Picks With Dow Closing At 6.5K

RGR started rallying in late Feb and has not looked back except for one negative day. Is this strong trend coming to an end ? Buying volume is seeing a dip and that could be early signs of reversal. Keep watching for potential short entry. LFT took off after positive earnings. LFT

Intraday Resistance & Support Provide Trading Opportunities

Smith & Wesson Holding Corporation (SWHC) is a manufacturer and exporter of firearms. The Company manufactures an array of pistols, revolvers, tactical rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories for sale to a variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, protection focused individuals,

Stock Picks After Bulls Put Up A Fight With S&P500 Above 700

EFOI is reaching its 200 dma at $1.73. This should provide first line of resistance. If this is take out, EFOI can run up to $2.00. Potential short if it doesnt break $1.73 LFT is picking volume and heavy price action. LFT has been on an upward movement from $13.00 all the

Stock Picks After S&P500 Breaks Below 700

Cracker Barrel Old Country Store, Inc. (CBRL) is principally engaged in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept (Cracker Barrel). CBRL is up last 8 trading days and has broken out of its $22.00 resistance. However next line of resistance will be around $23.20

New Trade Picks Traders Should Know About

SWHC popped over its 200 dma and kept going up taking the $4.00 support. However the rally fizzled very fast and SWHC pulled back, dropping over 5%, end the day below its 200 dma. Lets see if it can make a second attempt towards breaking the $4.00 and stay above. Otherwise a

Why Not To Change Course Mid-Way Into Trading

Every now and then you have a day when you chicken out on pre-determined plays, just to see it work out perfectly as expected. CECO was one such play that took a huge dump in the morning. I had listed it yesterday as a potential short play. I was dead right on

Stock Picks After Dow Flip Flops All Day

ZN crashed 32%. Movements like these is every trader’s dream/nightmare depending on which side of the trade you ended up. ZN reversed too fast to do anything. Add to that there were no shorts available. Sucks… SWHC is my #1 short. It did break the 200 dma on the upside, but will

Stock Picks After Dow Puts Up A 200+ Point Rally

Zion Oil & Gas, Inc (ZN) continued its upward momentum as I mentioned in my previous post. ZN put up increasing volume yesterday and followed it today with similar volume. This clearly is bad news for shorts. Keep watching and don’t short it yet. Let the selling begin before taking a plunge