Growth stocks are having a hard time staying above technical resistance levels (i.e. buy points in price patterns such as flat bases), even though Q1 earnings have been strong. (blog.invest-safely.com)
Using technical resistance as shown on the charts also provides a good indicator of what traders are considering as their sell targets. (tradingonlinemarkets.com)
The potential challenge as we enter the final month of 2012 is that stocks must still contend with an abundance of overhead supply and technical resistance levels. (morpheustrading.com)