Sears Holdings Corporation

AAA

For today's chart we've chosen to take a look at Sears Holding Corporation (Nasdaq:SHLD) because it has fallen below an influential level of support. As you can see from the chart below, the $115 and $127.75 levels acted as barriers to the price action for most of 2005 and 2006. Today's move back into this range suggests that we could see the stock drift toward the next major level of support, which is found near the bottom of the channel at $115. Technical traders would expect this stock to remain range bound until it breaks through one of the identified trendlines.







You May Also Like

Related Analysis
  1. Stock Analysis

    Is It All About Greece? - Economic Highlights

  2. Stock Analysis

    3 Income Stocks to Repel Volatility in 2015 - Analyst Blog

  3. Stock Analysis

    Stock Market News for January 26, 2015 - Market News

  4. Stock Analysis

    Ingersoll Selected as Official Tool Partner of NASCAR - Analyst Blog

  5. Stock Analysis

    Can Corning (GLW) Earnings Surprise Estimates this Season? - Analyst Blog

Trading Center