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What the Charts Say – Bullish on Newmont Mining

On May 21, 2016 ($33.73), we reported a major breakout from a large Delayed Ending formation (dashed lines). Newmont Mining Corp. rallied and reached a high of $46.07 (A) before it pulled back for a much needed correction (B). The stock traded below a falling...

What the Charts Say – Bullish on West Fraser Timber

On Jan. 7, 2017 ($45.44) we reported a breakout from a large trading range (dashed lines) and targets of $57 and $62. West Fraser Timber Co. Ltd. rallied to a high of $62.50 in May, 2017 to fulfill our targets (A). The stock then stayed in a slightly rising wedge...

What the Charts Say – Bullish on Abbott Laboratories

Abbott Laboratories started a major rally in 2013, culminating at around $52 in 2015 (A). In mid-2015, the stock fell below its 40-week Moving Average (40wMA – B) and settled in a horizontal trading range mostly between $37 and $46 (dashed lines). Recent price action...

What the Charts Say – Bullish on Linamar

Linamar Corp. declined from $89.42 to $42.24 (A-B) below a descending trend-line (dotted line) and below its falling 40-week Moving Average (40wMA) for over a year. The stock then rallied above this trend-line (C) and above its 40wMA to signal renewed investor...