A trend line sat neatly across the top of the weeks ended April 13, 2012, May 4, 2012 and April 12, 2013. That set out a buy point near 740, a level the stock cracked in rising trade on May 9 and ...

Trendlines are an important tool in technical analysis for both trend identification and confirmation. One of the basic tenets put forth by Charles Dow in the Dow Theory is that stock prices moves ...