Short term view - SEARS HOLDINGS CORP. : The support has been breached.
The trend has been momentarily interrupted by a correction. It approaches the support at $2.60, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at $4.66. The invalidation level is below $2.60.Arguments :
- The support has been breached.
- The resistance has been shortly breached, but it is now reinstated. Prices can fall.
- Prices are breaking below the moving average, it is a sign of weakness.
Sears Holdings is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and the company (Sears). The company has two segments: Kmart, which includes stores that are mainly free-standing units that carry a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables and apparel; and Sears Domestic, which includes its full-line stores, specialty stores, commercial sales and home services. The company operates a number of websites under the sears.com and kmart.com banners which provide products and the capability for its members and customers to engage in cross-channel transactions.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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