Alcoa (AA) Inverse Head and Shoulders |
By Andy Swan |
Published
02/11/2008
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Stocks
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Unrated
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Alcoa (AA) Inverse Head and Shoulders
Alcoa Inc. (AA) has created an inverse Head and Shoulders over the last 30 days. This reversal indicates AA should climb to around 39 over the next few weeks.

Lowe's Companies, Inc (LOW) has created a Head and Shoulders reversal over the the last 30 days. This reversal indicates LOW will drop below 21 in the coming weeks. I am seeing similar set ups in KBH and HD as well. After this reversal is complete, LOW should rally due to the downtrend break per the 9-month chart.

Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.
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