2 Financial BreakoutsPosted: October 18, 2013
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.
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 !