Dominion Resources Inc

By root | April 15, 2007 AAA

For today's chart we chosen to take a look at Dominion Resources because several technical indicators are suggesting that we could see a pullback toward the support of the $84 level. As you can see from the chart below, the Parabolic SAR indicator triggered a sell signal when the price fell below $89.10. We'll keep a short-term bearish outlook on this stock until it closes above the upper dots (currently near $90.75).
We've also included the MACD indicator, which has crossed below its signal line. This bearish crossover will also be used by traders to confirm our predicted move toward the lower support.







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