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IR, HON, And MHP On The Watch

April 06, 2011 – Comments (0) | RELATED TICKERS: IR , HON , MHFI

IR - bounced off a recent high resistance and currently resting on previous resistance now acting as support. I anticipate a bounce here for a confirmation of a trend continuation and a possible break above previous high. The company reports earning on 4/21

Here is the Chart Analysis for IR 

HON - just finished a weekly pullback last month and break above a heavy resistance. last week the stock pushed out of the bollinger band on a strong move and now slowly dripping back to gain more momentum. Not sure if this the end of the pullback but I would slowly scale in to anticipate the bounce. The company reports earning on the 4/21.

Here is the Chart Analysis for HON 

MHP - This is probably one of my favorite setup yet even though the stock pulled back a bit more than I would like it but support below it is still valid. Look for consolidation or a bounce as soon as the next session. 

Here is the Chart Analysis for MHP