Charts of Interest for 2/29/2012

After running through a few dozen charts of stocks that I follow closely I have picked three which are of particular interest due to their positioning near important price levels with strong near term potential for either trend continuation or reversals:

Click to enlarge (notes on the charts)

$AGU Daily

 

$CF Daily – strong opening drive breakout above 192 fizzled during the afternoon.

 

$DVN Daily – This one felt especially weak throughout the entire session.

 

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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