Don't Ignore This Chart!

Catapulting Bulls (PL)

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Ditc20090324
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The "Bullish Catapult" P&F pattern is a great way to find stocks that are breaking out above resistance.  Today, Protective Life Corp. (PL) was the only high volume stock to create a new Bullish Catapult pattern when it moved above 6.0.  Right now, the catapult line is short but the P&F Price Objective is at PL's recent support line of 8.0.

( Click here for an explanation of P&F Price Objectives.)
Chip Anderson
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