Norton LifeLock (NLOK) has a choppy chart right now. This week, the chart started to gently move above its range from over the last 18-months. A few nice technical signals are firing off, with price moving higher.
- The SCTR has moved up into the top quadrant.
- The relative strength (in purple) is close to breaking out to new highs.
- The full stochastic is above 80. (It also keeps bouncing at 50, which is a bullish trait.)
- The PPO has just started trending higher.
Lots of bullish charts out there!
Good trading,
Greg Schnell, CMT, MFTA
Senior Technical Analyst, StockCharts.com
Author, Stock Charts For Dummies
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About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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