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What the Charts Say – Bullish on Starbucks

Starbucks () rallied from $35.38 to $64.00 (A-B), pulled back to $52.63 in early 2016 (C) and then settled in a horizontal trading range mostly between $53 and $59 (dashed lines). The recent rise above $60 (D) signalled a breakout from the trading range and the start...

What the Charts Say – Bullish on Pason Systems

Pason Systems had a sharp decline from $35.51 to $16.79 (A-B), a recovery rally to $23.10 (C) and then settled in a bullish technical pattern known as an “inverse head-and-shoulder” (solid lines). The recent rise above the neckline of this formation (above $20.50 to...

What the Charts Say – Canadian Pacific Railway

Canadian Pacific Railway Ltd. built a large, bullish “W” formation in 2016 (dotted lines), had a breakout from this bullish technical pattern (A) and then settled in a horizontal trading range mostly between $188 and $207 for almost one year (dashed lines). The recent...

What the Charts Say – Bullish on Loblaw

Loblaw rallied from $41.32 to $74.45 (A-B) above a rising trend-line (dashed line) and above its rising 40-week moving average (40wMA) for almost two years. Starting in mid-2015, the stock settled in a horizontal trading range mostly between $63 and $74 (dotted...

What the Charts Say – Bullish on KB Home

KB Home rallied from $9.04 to $25.14 (A-B), fell below its 40-week Moving Average (40wMA – C) and, after a minor recovery rally (D), started a major down-trend below a falling trend-line (dashed line). In mid-2016, the stock rallied above its average and above the...

What the Charts Say – Bullish on Kirby Corp.

Kirby declined from $124.12 to $44.63 (A-B), had a recovery rally to $73.25 (C) and then returned toward the previous low (D). This price action produced the first three moves of a bullish technical pattern known as a “W” formation (dashed lines). The subsequent rise...