Art's Charts

Charts of Interest: CTAS, EBAY, EXPD, PFCB, RIMM, SBUX

Arthur Hill

Arthur Hill

Chief Technical Strategist, TrendInvestorPro.com

CTAS shows 3 weeks of relative weakness. EBAY breaks flag support. EXPD forms rising flag on lower volume. PFCB consolidates after long red candlestick. RIMM retraces 50% rising wedge. SBUX stalls at key retracement with four doji.

101012ctas
101012ebay
101012expd
101012pfcb
101012rimm
101012sbux

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This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise). We all need to think for ourselves when it comes to trading our own accounts. First, it is the only way to really learn. Second, we are the only ones responsible for our decisions. Think of these charts as food for further analysis. Before making a trade, it is important to have a plan. Plan the trade and trade the plan. Among other things, this includes setting a trigger level, a target area and a stop-loss level. It is also important to plan for three possible price movements: advance, decline or sideways. Have a plan for all three scenarios BEFORE making the trade. Consider possible holding times. And finally, look at overall market conditions and sector/industry performance.

Arthur Hill
About the author: , 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. Learn More