Stocks in the news breaking resistance

Clorox Co (NYSE:CLX) – $59.91

News event: Better than consensus earnings, positive guidance

Technical event: A break above resistance changed intermediate trend from down to neutral

Chart courtesy of StockCharts.com www.stockcharts.com

Domtar Corp (NYSE:UFS) – $45.13 U.S. (TSE: UFS) – $48.60 Cdn.

News event: Upgraded to Top Pick by RBC Capital Markets and upgraded to Outperform by Raymond James

Technical event: Broke above resistance at $45.62 U.S. and resumed an intermediate uptrend. Seasonal influences have just turned positive.

Chart courtesy of StockCharts.com www.stockcharts.com

Stocks in the news breaking support

Dean Foods Co (NYSE:DF) – $16.72

News event: Reported lower than consensus estimates

Technical event: Broke support at $17.45 and $17.41. Intermediate trend remains down.

Chart courtesy of StockCharts.com www.stockcharts.com

Denbury Resources Inc (NYSE: DNR) – $13.21

News event: Reported less than consensus results

Technical event: Broke support at $13.77 and resumed intermediate downtrend.

Chart courtesy of StockCharts.com www.stockcharts.com

Other comments

Ford Motors Co (NYSE:F) – $7.58

News event: Reported better than expected third quarter earnings

Technical comment: Ford has a mixed technical profile. Intermediate trend during the past three months has been neutral with support at $6.61 and resistance at $7.99. Short term momentum indicators are neutral. Strength relative to the S&P 500 Index has been neutral since May.

Chart courtesy of StockCharts.com www.stockcharts.com

Don Vialoux

Director of the Canadian Society of Technical Analysts

Comments offered in this report are for information only. They should not be considered as advice to purchase or to sell mentioned securities. An attempt to provide accurate data has been made, but accuracy is not guaranteed. Comments are from Don Vialoux and not from the Canadian Society of Technical Analysts.

 Print This Post

Tags - Previous posts for stock ticker: CLX, DF, DNR, F, UFS