Saks (SKS) Important Technical Juncture
We highlighted Saks (SKS) earlier this month here http://steadytrader.wpengine.com/chart-of-the-day-saks-sks/ The narrowing trading range has so far resolved to the downside but for us still too early for a trade given the critical juncture of the overall market and especially the technical development in SKS itself. On the chart below note how SKS fell out of the […]
Chart Of The Day: Saks (SKS)
Saks (SKS) got smacked hard in the 2008 sell-off…from the low $20s down to as low as$1.50. Since then the stock has managed to pick itself back up in a big way and traded nicely technically. Several nice bullish wedges and flags have successfully played out over the past three years. Thus far in […]