BALTIMORE (Stockpickr) -- A major rally in the S&P 500 and the Dow have pushed the stock market considerably higher in the last two months.Now, with both broad-based indices -- and hundreds of Wall Street's most heavily traded stocks -- hitting 52-week highs, it's time to turn to the technicals to see where we should be making our market bets. >>Also: 3 Stocks Headed for Breakouts Technical analysis uses a stock's price movements to determine where shares are headed in the future. Technical charts are used every day by proprietary trading floors, the Street's biggest financial firms and individual investors to get an edge on the market. According to some sources, skilled technical traders can bank gains as much as 90% of the time. So which major stocks are worth looking at through a technical lens? >>Also: Two Pair Trades for Absolute Returns Here's this week's look at how some of the biggest names on Wall Street are trading technically.
MGM Resorts International ( MGM) is another stock that's seen increased trader attention lately.
As the name suggests, Nippon Telegraph & Telephone ( NTT) is the leading phone company in Japan. At present, it boasts the leading fixed-line and wireless presence as well as a strong share of high-speed internet customers. But it was an unexpected jump in profits that sent shares moving in a classic breakout pattern yesterday.
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