Dominion Resources Inc

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.







You May Also Like

Related Analysis
  1. Chart Advisor

    Profit From Holiday Spending With This ETF

  2. Chart Advisor

    Cocoa Prices Setting Up For A Move Lower

  3. Chart Advisor

    How To Trade The Biggest U.S. Companies In 2015

  4. Chart Advisor

    'Tis The Season For Food And Beverage Stocks

  5. Chart Advisor

    Commodities Set Up For A Continued Move Lower

Trading Center