Blue Chip Daily Chart of the Week:
Teck Resources (TECK)
Trend following stop: 36.40
please see chart analysis below
- Teck Resources (TECK) is one of our top technical ideas going into the new week and is on this week’s Members Top 25 stocks list.
- TECK has been a repeat idea posted on our weekly best ideas and weekly mid cap lists over the past 12 months.
- TECK is trading above 4 rising moving averages, indicating an uptrend on multiple time frames.
- TECK broke out to new weekly highs on Thursday and the highest weekly close since 2011, in a volatile, but very strong metals and mining industry group.
- TECK has key support at 37-41 on any short-term pullbacks.
- Please be sure to check earnings dates for any ideas of interest.
- TECK was our Chart of the Day for Members on 10/4/21 and is +71.34% since then.
- It was also our Chart of the Day for Members on 4/1/22 as well and is +6.86% since then.
- Join us here, to get our top technical ideas, like these, daily: Blue Chip Daily Trend Report
Have a great week,
Disclaimer – Blue Chip Daily Trend Report