Inside this analysis you can find the companies that showed the Trendline Breakout Chart Patterns appeared today:
- Positive TrendLine BREAKOUT
- Negative TrendLine BREAKOUT
None of the patterns below guarantee success because there may be false breakouts. The purpose of this analysis is purely informative.
POSITIVE TrendLine BREAKOUT
The breakout of a trend-line is an event occurs when the stock price of a company surpasses an area that in the past had struggled to overcome. Exceeding this zone may constitute a situation in which the stock price interrupts the direction of the previous trend and prepares to reverse it. Positive breakout occurs when the stock comes from a negative trend and tries to reverse it by starting a positive trend.
Pepsico Inc (PEP)
PepsiCo, Inc. operates as a food and beverage company worldwide.
Sherwin-Williams Co (SHW)
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers.
American Electric Power Co Inc (AEP)
American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States.
NEGATIVE TrendLine BREAKOUT
Negative breakout occurs when the stock comes from a positive trend and tries to reverse the direction by starting a negative trend.
Arch Coal Inc (ARCH)
Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines.
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*Charts by tradingview.com
*Company information from finance.yahoo.com
DISCLAIMER: The information in this blog post represents my own analysis/opinions and does not contain a recommendation for any particular security or investment. Stocks trading involves substantial risk of loss and is not suitable for every investor. Trade responsibly.