Circuit Couple Makes Moves
There are two stocks in the printed circuit space that are making strong moves today after multi-month basing action.
The first is Jabil Circuit (JBL), the stock price of which, in addition to breaking above interim resistance marked by its October, November and December highs, is very near a 52-week high. Along with the resistance line, an uptrend line drawn off lows in November and December forms a rising wedge pattern on the daily chart. The stock rallied over 52% off its August low last year, then settled into the wedge consolidation. Today's strong move above resistance looks like the start of a second phase of the original rally, and the technical indicators are in agreement....346 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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