5 Big Stock Charts You Need to See
BALTIMORE (Stockpickr) -- Even though Mr. Market is continuing to take a breather this week, not all stocks are following suit. That's especially true in the big names, where trading volume is the strongest; there certainly are still some attractive trades popping up in this market.
That's why, today, we're taking a technical look at the price setups forming in five of the biggest names on Wall Street.
If you're new to technical analysis, here's the executive summary.
Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions.
Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time.
Every week, I take an in-depth look at big names that are telling important technical stories. Here's this week's look at the charts of five high-volume stocks to trade for gains.
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