Additional Trade Set-ups

Valspar (VAL)- Short Set-up Under $60. 

Weekly shows H&S pattern forming with $60 neckline.  Targeting $52.50 if it breaks down.  

Daily chart shows a descending triangle with $60 support as well.  MACD is below zero line and RSI is under 50 both bearish.  A breakdown under $60 would trigger a short entry.

Dean Foods (DF)- Long Set-up Over $19.

Weekly shows multi-month resistance at $19.  MACD is showing some slight bearish divergence, but the RSI is in bullish territory giving conflicting signals. 

Daily chart shows a recent breakdown under $18 support.  The sharp V-shaped recovery patter in late February is a bullish sign.  Look for a breakout above $19 for a long entry. 

Posted to Technical Breakout Trader on Apr 09, 2013 — 3:04 PM

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