Friday, September 14, 2012

3 Top Chart Indicators: Nokia (NYSE:NOK), Alpha Natural (ANR), Green Mountain Coffee (GMCR)

Nokia Corporation – Head & Shoulder Pattern

Nokia Corporation (ADR) (NYSE:NOK) shares have been showing high volatility over the past one month with the stock ended higher by about 7% on Thursday. The stock had nicely bottomed out mid July from $1.63’s level and quickly reached up to $3.50 by late August. However, the stock then retreated to $2.30 level last week after introducing new smarphones. But, the stock found solid support above $2.25 (which was its earlier resistance). The recent recovery seems interesting and the stock could face resistance at $3.30 level, breaching could push up the stock towards $3.60 zone. Stay tuned for more updates Here

Alpha Natural Resources – Above 50-Day MA

Alpha Natural Resources, Inc.(NYSE:ANR) is the notable stock which has shown solid recovery in the past couple of months after the recent turmoil. The stock bounced back from its all time low of $5.28 earlier this month. Out of the past seven trading sessions, the stock ended higher in five trading sessions. The stock has moved up about 55% from its recent lows.  The recent up move had pushed the stock back above 50-day Moving average price. However, the stock may resistance at around $9-10 area. Find Out More info here

Green Mountain Coffee - U-Shaped recovery

Green Mountain Coffee Roasters Inc.(NASDAQ:GMCR), which had been laggard this year, has been showing an impressive recovery after the company had multiple good news. The stock has created solid chart with recovery being followed by a consolidation in late July. The recent recovery can be called as “U-Shaped recovery”. Noticeably, the stock has move back above its key resistance of $25 an closed at 4-month high on Thursday. Early May, the stock had slump of 50%. Find Out More info here

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