Inside this analysis you can find the companies that showed the Trendline Rebounds Chart Patterns appeared today:
- REBOUND from TrendLine
None of the patterns below guarantee success because there may be false rebounds. The purpose of this analysis is purely informative.
REBOUND from RISING TrendLine
It represents an event in which the share price is bouncing away from a trend-line that has supported recent price growth. So it can be a point where the stock price starts to rise again following its main positive trend.
Mohawk Industries (MHK)
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide.
Analyst Price Target: 151.60
GATX Corp (GATX)
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide.
Analyst Price Target: 81.25
REBOUND from FALLING TrendLine
It represents an event in which the share price is bouncing away from a trend-line that has supported the recent decrease in prices. So it can be a point where the stock price starts to fall again following its main negative trend.
Universal Forest Products (UFPI)
Universal Forest Products, Inc., through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia.
Analyst Price Target: 51.33
SLM Corp (SLM)
SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States.
Analyst Price Target: 12.33
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This analysis shows the Trendline Rebounds of the Day. If you are interested in other Rebound Chart Patterns of the day (Resistance, Support and Moving Averages) I’ll wait here.
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*Charts by tradingview.com
*Company information and Analyst Price Target 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.