A look at 3 stock charts that show signs of trend reversals.
Clearwire – CLWR
Over the last couple of months, CLWR has made some decent size swings up and down; however, it never really dropped below the 50 SMA. That being said, I think it is a good time to really watch this stock. Volume has decreased over the last few declining days, which may signal a jump higher is on the way.
On the other hand, this could indeed be a confirmed drop below 50 SMA and possible fall down to 200 SMA.
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Eastman Kodak Company – EK
Really the only theory behind this play, is that if a swing higher is going to happen its going to happen now. EK has continued to fall from its 3 month high of $6.75 and tested 200 SMA once. If it holds again, we could see a nice little jump. A quick target of $4.60.
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Advanced Battery Technologies – ABAT
Still waiting for the stock to breakout of its wedge either way. On a break higher, first price target is $4.45.
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