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For today's chart we've chosen to take a look at NVR Inc (AMEX:NVR) because the bears have sent the price below the support of an ascending trendline. As you can see from the chart below, today's close below the support (shown by the yellow circle) suggests that the uptrend is reversing. Generally, technical traders like to see a break below a trendline occur with higher-than-average volume, which didn't happen in this case. As a result, many traders will probably choose to wait a couple of days before betting on the reversal.

For more see, Track Stock Prices With Trendlines


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