Don't Ignore This Chart!

Oshkosh Breaks Triangle Trend Line with Big Gap

 | 
Lots of stocks are coming across the gap up scan today (297 at last count). The chart below shows one list member, Oshkosh, gapping up and breaking above its mid December high. This move reinforces support in the 28 area. Also notice that MACD moved above its signal line over the last two days.

130102osk
Click this image for a live chart

Announcement from the Author

{{ announcement.content }}

Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus