Microsoft (NASDAQ: MSFT) and ValueClick (NASDAQ: VCLK) showed up on today’s stock chart scan. Microsoft displays a small symmetrical triangle pattern. A break of the resistance trendline could setup MSFT for a modest run to the $26.50 area. ValueClick has an impressive chart showing an ascending triangle pattern with a $14.00 neckline. If VCLK can break through resistance it could reach $17.50 very quickly.
Kansas based Compass Minerals (NYSE: CMP) is involved in the production and marketing of mineral products in North America and the United Kingdom. With the recent announcement of strength in its fertilizer segment, Compass Minerals looks set to breakout of a 3-year cup & handle chart pattern.
Compania de Minas Buenaventura (BVN) recently printed all time highs in share price. The foreign based company is headquartered in Lima, Peru and has assets all over the world. The company is strategically positioned to capitalize on future margin expansion through its gold and silver holdings.
Today’s scan examines Netflix (NFLX) and Boeing (BA). Netflix has rallied on the heals of an announcement that Blockbuster (BLOKA.PK) will file chapter 11 bankruptcy. The chart also displays a rising wedge pattern nearing its apex. Boeing displays a descending triangle pattern which usually carries a bearish bias. Each stock should enter a period of increased volatility.
Today’s scan highlights VMware (NYSE: VMW), China Natural Gas (NASDAQ: CHNG) and Under Armour (NYSE: UA). The scan targets charts exhibiting both upsloping and downward sloping channels with multiple trendline touches. Follow these channel charts for favorable long and short entry points.
Today’s chart scan targeted Visa (V) and Ultra Long Treasury Bonds 7-10 years (UST). Visa has been very weak as of late on concerns of congressional legislature capping debit and credit card fees. Downgrades are sure to come as Visa approaches major support levels. Ultra Long Treasury Bonds (UST) chart has been strong with multiple touches of the upsloping support line. Watch as UST resolves its bullish triangle pattern.
Today’s chart scan includes Weatherford (WFT) and Crown Castle (CCI). Weatherford has been in along term downtrend, but has insider buys within the last 8-months near current prices. Crown Castle has been holding up well during a tough market and looks poised to breakout. CCI will benefit from communications infrastructure build out.