Morning Trader
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LAST UPDATE:05/19/13 08:24 AM ET
US auto manufacturers have gotten their groove back after a first quarter correction. Ford (F) broke out above the January high at 14.25 last week and rallied to a 2-year high. Its uptrend could eventually reach the 2011 peak near 19.50. General Motors (GM) also hit a 2-year high and is closing in on its IPO print at 35.30. The all time high near 40 could come into play this summer.
7-Bells
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| Price moving against a strong trend rebounds sharply | |||
|---|---|---|---|
| BYD | 12.90 | 0.28 | 43370 |
| P | 16.06 | 0.42 | 51630 |
| THRX | 39.58 | 0.04 | 8098 |
| High volume events print the future direction of price | |||
|---|---|---|---|
| ADSK | 37.11 | 2.67 | 17m |
| ARUN | 13.10 | 4.51 | 55.4m |
| TSO | 62.24 | 4.06 | 14.2m |
| Constricted price gives way to directional movement | |||
|---|---|---|---|
| CREE | 60.31 | 0.44 | 11094 |
| MBI | 15.35 | 0.08 | 51867 |
| PCRX | 29.44 | 0.27 | 3712 |
| Gap downs after strong rallies signal a trend change | |||
|---|---|---|---|
| BCE | 46.49 | 0.36 | 5844 |
| CODE | 12.65 | 0.43 | 12878 |
| JWN | 60.68 | 0.45 | 44939 |
| Candles flag reversals in the next smaller time frame | |||
|---|---|---|---|
| ATML | 7.31 | 0.17 | 86433 |
| MNKD | 5.19 | 0.03 | 10.2m |
| SCMP | 9.46 | 0.04 | 13291 |
| Weak markets drop fast after rallying into resistance | |||
|---|---|---|---|
| ELLI | 23.01 | 0.9 | 7431 |
| NLY | 15.01 | 0.03 | 12.3m |
| Breakouts through a triple top signal major uptrends | |||
|---|---|---|---|
| BAX | 72.94 | 1.09 | 74755 |
| MHGC | 6.97 | 0.81 | 14637 |
| PH | 100.01 | 2.42 | 18580 |
7-Bells are not stock picks! All site participants, please read: Important Advice on Trading Risk and Site Disclaimer
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