Best of StockTwits Charts: Strong Stocks – Goldman, Zimmer and R.R. Donnelley
The StockTwits Charts Stream gets filled daily with thousands of stock charts created by the largest real-time trading community in the world. Below are a few notable ones for your perusal:
With broad markets rallying all year, there are a ton of strong stocks out there for those who love to trade breakouts or follow trends. Here’s a few notable ones originally posted by some of StockTwits’ sharpest chartists.
1. Goldman Sachs (GS) – Goldman Sachs broke out above its resistance level near $167 and looks poised to move higher.
On StockTwits, @stt2318 notes that the stock may retest the level before continuing the rally. It is also important that Goldie holds its uptrend line from July.
(See @stt2318’s original StockTwits post here.)
2. Zimmer Holdings (ZMH) – On StockTwits, @traderstewie posted the following chart showing a symmetrical triangle forming in shares of ZMH. Look for this pattern to resolve to the upside as the stock is in a sustained uptrend. Traders will be watching for the price to rise above the $84.50 area before taking a position.
(See @traderstewie’s original StockTwits post here.)
3. R.R. Donnelley & Sons (RRD) - Harvey Berkeley posted the following chart showing the surge in the stock price that took place last week after a better than expected earnings report. The stock has consolidated the big gains the last few days without giving back a thing, which is a sign of strength, and could begin it next move higher after this digestion on a close above $19.
(See Harvey Berkeley’s original StockTwits post here.)
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