Blue Chip Daily Chart of the Week

Blue Chip Daily Chart of the Week:
Teck Resources, TECK
Close: 19.63
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.


Have a great week,

Larry Tentarelli
Disclaimer – Blue Chip Daily Trend Report










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