Stock Chart Analysis DWA

Posted by downtowntrader | 5/14/2007 09:40:00 PM | 0 comments »

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,