Despite all of the positive talk Thursday, the rally accomplished little. More
- Poll of the Day
Technical analysis scrutinizes equities based on past measurements like asset price and trading volume, which give a view of past performance and stock trends. The technical analysis method does not assign value to a given equity; rather it simply reviews charts and statistical measurement of historical market activity in order to best predict future moves.
Investors should pay close attention to an equity’s direction, speed and distance throughout a technical analysis review. Is the price traveling in an upward or downward direction? What speed is the price moving at? Lastly, what distance will the price travel in a given direction?
Biotech favorite Celgene Corporation is up more than 25% since mid-October. See my target on CELG stock. More
Enbridge Energy Partners resumed its bullish channel, and volume supports a move higher. More
Micron Technology, Inc. (MU) pierced its 50-day moving average, which is now support. More
Fundamental weakness makes a successful test of the recent highs unlikely. More