The monthly chart of CRM looks even better as it is getting near all-time highs. A break above the trendline with volume is the buy point.
Recapturing the 200ma is a good sign for EA. A couple of days of sideways action below resistance would set up a nice long trade.
Will it or won’t? Who knows, but if you want to play it long, there is a clear line in the sand here for FB.
In the homebuilders, LEN looks the best as it consolidates right below a five-year high.
Tough to trade at times, but MA is a powerhouse basing just below all-time highs.
Materials and construction go hand in hand with homebuilders, so it’s not surprising that MAS is breaking out here.
This slow, wedging action out of the flag is technically bearish, but if NFLX can break $85.00 with any conviction, a lot of short sellers are going to have to cover, which could squeeze this thing higher very quickly.
A little head fake out of the flag, but price came right back in, which makes the chart in NTE still look good.
I like the action in this channel for TEX. A measured move out of it could take the stock to the $29.00-$30.00 area.
After coming off a bottom in July, the price range in TIVO continues to get narrower, indicating a big move is coming.
By Brian Lund of BCLund.com