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What the Charts Say – Suncor

Suncor Energy Inc. declined from $47.18 to $30.89 (A-B) and then settled in a bullish technical pattern known as an Inverse Head-and-Shoulder formation (solid lines). In late 2016, the stock had a sharp rise to $44.90 (C) and then traded below a falling trend-line for...

What the Charts Say – Louisiana Pacific

On July 9, 2016 (US$18.48), we reported that a rise above US$19.50-US$20 would signal targets of US$22 and US$25. Louisiana-Pacific Corp. fulfilled our targets as it rallied to a high of US$26.92 (A); it then pulled back to support for a much needed correction (B). On...

What the Charts Say- Bullish on KBR Inc.

KBR Inc. declined from $36.70 to $14.00 (A-B), and settled in a horizontal trading range mostly between $16 and $20, followed by another range between $13 and $18 (dashed lines). This price action produced a bullish technical pattern called a Delayed Ending. The...

What The Charts Say – Nike

Nike Inc. rallied from US$35.30 to US$68.19 (A-B) above its rising 40-week Moving Average (40wMA) and above a rising trend-line (dotted line). In early 2016, the stock fell below its average and the rising trend-line and stayed in a wide horizontal trading range...

What The Charts Say – Intact Financial

Intact Financial Corp. rallied from $56.35 to $95.77 (A-B) and then traded in a mostly horizontal trend, without rising above $96-$98 for the subsequent two and a half years (dashed line). The rise above this level signalled a breakout, renewed investor interest and...

What The Charts Say – Norbord

We published on Norbord Inc. on July 23, 2016 ($30.98), to report that a move above $29-30 would signal a breakout and higher targets. Soon thereafter, the stock broke above the top of the trading range (dashed lines) and has been in an up-trend above its rising...