11/15/20
Blue Chip Daily Chart of the Week:
Ericsson, ERIC
Close: 11.88
Stop level for position traders and investors: $9.97
please see chart analysis below
- ERIC is in a technical uptrend above all key rising MAs, indicating an uptrend on multiple time frames.
- ERIC tested a 9-year high last week, before pulling back 8.8% into the rising 20-day moving average.
- $10.50 – $11.00 is key technical support on any pullbacks.
- A close over $12.50 – $13.00 could signal a new leg higher.
- ERIC went onto our Members Chart of the Day Buy List on 11/04 and is on this week’s Top 25 Buy list as well.
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Have a great week,
Larry Tentarelli
Publisher
