Sears Holdings (SHLD) started the day strong, but sold off hard to form an outside reversal day. In fact, today's price action encompassed the high-low range of the last five days. This reversal also occurred on high volume to further reinforce resistance at 49.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.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. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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