DYCOM INDUSTRIES INC (DY)

/0 Comments/in /by

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring the text-book head and shoulder continuation on Dycom Industries, Inc. listed on NYSE.

DYCOM INDUSTRIES INC (DY) – new addition to watchlist

Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States. The Company includes engineering services, and construction, maintenance and installation services. It provides engineering services to telecommunications providers, including the planning and design of aerial, underground, buried fiber optic, copper and coaxial cable systems for its consumers. The stock is listed on the New York Stock Exchange. Price chart formed an 11 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 100.60 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 103.60 levels will confirm the breakout from the 11 month-long head and shoulder continuation with the possible chart pattern price target of 136.00 levels. (Learn more: Video Tutorial)

 

Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now