Support: To find the support simply load up a 5 min chart, set it to 5 days, draw a straight line at $34.75. You should understand.
Resistance: To find resistance load up the daily chart. Look to see where support was broken and the stock gave way, which was 08/06/12. The open was $35.85. This can be confirmed by opening the weekly chart and doing the same thing.
MACD: MACD is moving up. The signal line is stalled. We have at least six days before we can see a decline in MACD.
RSI: RSI is still low. I have the same opinion as last week. Read my last post for more details.
Charts: The only chart that really stands out to me is the Weekly. Our high this week was $34.85, or resistance. We had another up week, with higher volume, and MACD is strengthening. Momentum is building and I expect another up week next week.
I didn't do my normal Friday outlook this week. It is a 3 day weekend, and I am going to get started now. ;) A good buy in point next week would be a close above $34.86. My price target for the EX-Date is still $37.40, or a 4% move by Dividend Declaration. (($37.40-$1.25)/$34.80)
We have been moving up at an average of 1.5% for the past two weeks, with an average increase of 50% .
Percentage increase for the week of 08/20/12: 1.2%
Percentage increase for the week of 08/27/12: 1.8%
I hope everyone has a good 3 day weekend, and I hope to start off an amazing month on Monday.