Stock Chart Analysis DWA
DreamWorks Animation SKG, Inc. (Public, NYSE:DWA)
You have to wonder if DWA will get a run into Shrek the Third's opening this weekend. DWA is trading what could be termed a cup and handle or more recently a small triangle, and either could be interpreted bullishly. It is setting up for a bounce off the 50 day simple moving average here and could easily push it over 32.
Good Trading,
Joey
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