Don't Ignore This Chart!

Catapulting Bulls (PL)

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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
About the author: is the founder and president of He founded the company after working as a Windows developer and corporate consultant at Microsoft from 1987 to 1997. Since 1999, Chip has guided the growth and development of into a trusted financial enterprise and highly-valued resource in the industry. In this blog, Chip shares his tips and tricks on how to maximize the tools and resources available at, and provides updates about new features or additions to the site. Learn More
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