Dec. 21, 2016, 3:27 p.m. EST
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Harry Boxer is author of TheTechTrader.com, a real-time diary of his trading ideas and technical market analysis. He has more than 40 years of Wall Street investment and technical analysis experience, including eight years on Wall Street as chief technical analyst with three brokerage firms. Former chief technical analyst and columnist for AmericaInvest.com and winner of the 1995 & 1996 worldwide Internet stock-market trading contest, "The Technical Analysis Challenge," Harry is widely syndicated and a featured guest on many financial programs and sites.
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By Harry Boxer
Here are four momentum charts to watch.
Clovis Oncology Inc. had a very good day on Tuesday, up 2.04, or 5%, to 42.52 on four million shares traded. The move closed the stock above lateral resistance at 40.00, and positioned it right at the top of the mini two-month rising channel within its longer-term up channel. A follow-through on Wednesday could lead to 46.00 and then 49.00 next.
Check out Harry’s video analysis of this stock on the last page.
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