StockTradingHero – Free Stock Technical Analysis | ETF Market Trends | Stock Trading Strategies

The S&P 500 index continues its consolidation pattern since hitting the 1,100 level back in mid October 2009.  We believe that in the absence of any major news, the consolidation pattern is likely to continue going into the end of the year. Technical analysis of the S&P 500 index shows that the chart is working its way into a triangle, with the 50 day exponential moving average providi...

Traders be alert! Stock technical analysis of AIG shows that after an extremely volatile move over the key $50 level 2 weeks ago,  AIG had pulled back dramatically since. It appears that the stock has been consolidating in a symmetrical triangle pattern. Yesterday, AIG tested its 20-day simple moving average (SMA) and closed sharply higher and is now peeking above the upper resistance line of th...

DryShips (DRYS) engages in the ownership and operation of drybulk carriers all over the world. Stock prices hit a high of $131.34 in Oct 07 before declining to a low of $2.73 in March 09. Stock technical analysis of DRYS shows that the price has broken out of the triangle with massive volume on Sep 9, 2009, and is now trending upwards.  This is a bullish signal, and traders can look to buy int...

I have a request to do a stock technical analysis of Cal-Maine Foods (CALM), a company that engages in the production, grading, packaging, marketing, and distribution of shell eggs.  Below is my take! :) The stock chart shows that CALM is currently consolidating between its short-term support of $27.50 and short-term resistance of $30.30.  Its also possible that the stock could work its way i...

General Electric (GE) stocks got a real boost over the last 2 day, rising 7% after JP Morgan upgraded the stock to overweight from neutral and raised its target price to $17 from $12 on Tuesday.  This surge in the GE stock price was accompanied by heavy volume of over 50% its 3-month daily average volume on both days. Given this rise in the stock price, is it timely to buy GE stocks? Stock tec...

One a recent GLD market trends post, I highlighted how Gold (ETF: GLD) was reaching the apex of a symmetrical triangle.  The price of GLD eventually broke out of the apex on Sep 2, 2009 on massive volume, indicating a buy signal.  This breakout was confirmed the following day when GLD moved higher still with equally massive volume. This breakout makes GLD a very attractive buy.  Resistance s...

I have a request for a stock technical analysis of ReneSola Ltd (SOL), a company that engages in the manufacture and sale of solar wafers and related products. So here it goes! :) The stock chart for SOL over the past 3 months shows that the prices are trading sideways, working its way into the apex of a triangle pattern.  A breakout is imminent in the following days, but the big question is w...

So is gold a good investment, considering the impending market correction? I have been monitoring gold for some time already.  GLD, the ETF that tracks the price of spot gold, appears to be in a favorable position for a potential bullish breakout in the coming weeks. The weekly chart of GLD below presents two technical indicators which support this conclusion. After printing a new high of a...

Newport Corp (NEWP) is one stock that should be on the intermediate term trader’s watch list. The company designs, develops, and manufactures technology lasers, components, instruments, subsystems, and systems. After a strong surge in mid-July from $6.50 to $7.50, the stock has been consolidating in a bullish ascending triangle pattern with overhead resistance at $7.90-$8.00. The daily chart bel...

The Energy Sector underperformed the broader market in July, and went through a very volatile week as news continually whipsawed oil prices up and down. On Wednesday, the price of crude oil tumbled 6% after the US government's weekly supply report shows a surprise surge in oil stockpiles. Then on Thursday, crude surged more than 5% as economic data, both from the US and abroad, sparked fresh optim...