Flowserve (FLS) came across the bullish triangle alert page from the
P&F pattern scans
. On the P&F chart, notice how the stock broke above the bearish resistance line with a surge above 98. As far as Point & Figure is concerned, this chart remains bullish as long as the blue bullish support line holds.
Click this image for details
Market Insider | admin | July 28, 2010 | 
Comments Off
Flowserve (FLS) came across the bullish triangle alert page from the
P&F pattern scans
. On the P&F chart, notice how the stock broke above the bearish resistance line with a surge above 98. As far as Point & Figure is concerned, this chart remains bullish as long as the blue bullish support line holds.
Click this image for details
Market Insider | admin | | Comments Off
Risk correlated trades had a strong showing yesterday as banking stocks rallied and concerns over the inadequacies of the Stress Test dissipated. The USD lost ground to both the GBP and EUR while longs in JPY and CHF were equally cut. Risky trades continued to benefit throughout the trading day in spite of US Consumer confidence data coming in negative. We especially like the appreciation we saw…
