For today's chart we've chosen to look at LVLT because it was the most heavily traded stock in the market, with more than 100 million shares trading hands. As you can see from the chart below, today's 16.5% gain sent the price above the upper trendline of a triangle pattern - an indication that we could see further upside. We'd expect the former resistance of the trendline to become an area of support when the bears respond and try to push the price lower again.



LVLT_032306.jpg




Filed Under:
Tickers in this Article:

comments powered by Disqus
Trading Center