2 Financial Breakouts

Huntington Bancshares (HBAN) has been on a healthy uptrend since early 2009. HBAN completed a 3-months consolidation rectangle by breaking above $8.73 on 2X daily average volume. The stock targets $9.37, which puts it in the upper half of the channel as shown in the chart. This would be an optimal entry point to join the uptrend.

HBAN Weekly

HBAN Weekly

HBAN Daily

HBAN Daily

—–
American Express (AXP) also completed a 5-months consildation rectangle by gaping & breaking above the 78 level on 3X daily average volume, targeting $84. Note AXP is recording all time highs !

AXP Daily

AXP Daily

Advertisements


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s