Blue Chip Daily Chart of the Week:
Teck Resources, TECK
Stop level for position traders and investors: 16.68
please see chart analysis below
- Teck Resources, TECK, is one of our top technical ideas this week and is on this week’s Top 25 Stocks List, published for Members this morning.
- TECK is in a technical uptrend with a series of higher highs and higher lows above 4 rising moving averages.
- The Materials sector is positioned very well here, and has been in the Top 3 of our Industry group rankings since August.
- TECK recently corrected 7.6% off of 18-month highs, into the rising 20-sma.
- $17.50 – $18.50 is key support on any pullbacks and a close over $20.50 could signal a new breakout.
- TECK went onto our Mid Cap Buy List for Members on 8/19/20 at $12.11 and is +62% since then. (please see below)
- TECK has been on the Members Materials sector focus list since August 2020 as well.
- See our Daily Chart of the Day buy list here: https://bluechipdaily.com/chart-of-the-day-public-view/
- Our updated Top Performers page: https://bluechipdaily.com/top-performers/
Have a great week,
Disclaimer – Blue Chip Daily Trend Report
8/19/20 TECK BUY LIST POST