Honeywell and 4 More Stock Charts to Watch
Here's how to use charts to trade five stocks, including Dow Chemical and Honeywell.
Dow Chemical (DOW) - Get Report is forming a textbook ascending triangle pattern -- it's a buy above $59. Honeywell (HON) - Get Report is another ascending triangle setup. For Honeywell, wait until shares can catch a bid above $118.50 before you buy.
Medtronic (MDT) - Get Report is showing signs of a prolonged move higher following its breakout. Canadian Natural Resources (CNQ) - Get Report is still a "buy the dips stock" this winter, and shares are testing another buyable dip this week. Also, the American Tower (AMT) - Get Report selloff has run its course. Shares look buyable again if this stock can close above $108.
This article was written by a staff member of TheStreet.
