Hey Gang, tonight we talked about flag and pennants. There is a great link on reading for this chart continuation pattern at: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continu Below are several stocks in the construction area that are forming this pattern. This is a great sector right now and waiting for the topside breakouts will prove to be quite profitable. Here are some of the Obama construction stocks we mentioned:
FWLT MDR CBI MLM VMC X CX FLR
As for me, I am watching them closely and purchasing on weakness and breakouts. Happy trades.
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