Having rallied 190% within an 8-month period since Jan 2008, US retailer Big Lots, is currently consolidating into a bearish Double-Top formation with a negative volume and RSI divergence against price action. An entrance into a short position with stop on close above $35 may serve as a low risk trade for an initial price target towards the 38.2% Fibonacci retracement level of the rally.
Technical Analysis of Financial Markets
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2008
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August
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- STMicroelectronics NV (STM) - Double-Bottom
- J. Crew Group, Inc. (JCG)
- QQQQ Bull Flag ?
- Predicting the Market
- Diminishing Volume; Upside Resistance?
- Microsoft Corp. (MSFT)
- Big Lots, Inc (BIG)
- Dow - Weakening Trend ?
- American International Group, Inc. (AIG) - Double-...
- Oil oversold at $110 ?
- Dow - Symmetrical Triangle
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August
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Tuesday, August 26, 2008
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