| Chart Patterns TRAN CELG CKCM |
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| Wednesday, April 18, 2007 |
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Afternoon Update - TRAN, CELG, & CKCM
The Dow Jones Transportation Average (TRAN)- Daily Chart
We already know that the TRAN is in a reverse symmetrical triangle pattern. However, I do want to point how impressive today's rally price wise in the TRAN is. The TRAN has totally recovered it's losses from last Friday and has tacked on even more gains since then. The rally in this index in the face of rising oil is impressive. Indicators and oscillators are bearish, but working on a bullish trend reversal.
Celgene Corp. (CELG) - Daily chart
Celgene is a portfolio stock. We already own this stock. Celegene's daily chart shows that it has broken out of an ascending triangle pattern. However, CELG is now pulling back on light volume. CELG may test the break out line, but that would be bullish action. Indicators and oscillators are currently bearish on the pullback, but there is no overlapping in price yet, which is bullish.
Click Commerce, Inc (CKCM)- Daily Chart
CKCM is another portfolio stock and a high beta momentum one at that. The daily chart of CKCM illustrates that CKCM is in a neutral symmetrical triangle pattern. CKCM is currently working on breaking out of the symmetrical triangle to the upside to test the resistance line of a larger ascending triangle pattern (not shown in this chart). Today CKCM is up 6.52% at $29.49. Indicators and oscillators are bullish.
$TRAN VERY IMPESSIVE RALLY TODAY
CELG PORTOFLIO STOCK UPDATE
CKCM PORTFOLIO STOCK UPDATE
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