Don't Ignore This Chart

The Squeeze is on for American Science and Engineering

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American Science and Engineering (ASEI) surged in November and then moved into a trading range the last six week. Notice that volatility is contracting as the Bollinger Bands narrow. In particular, ASEI traded between 64.5 and 66.2 during January, which is a very tight range indeed. Watch these levels for the next directional signal.

130114asei
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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. 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 technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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