There was a bullish white candlestick for Shoppers Drug Mart (SC) on Friday, February 4.
It opened at $37.15 which was above the support level of $37.00. The stock traded to a high of $39.13 and closed at $38.77 which was a gain of 4.18% for the day. The tall white candlestick is the graphical representation of that price action.
Please customize and then reference the full-size chart from Bigcharts.com for a better overall view of the trend. Shoppers has been trading sideways since October so a break above the $40.00 resistance level would be a significant event.
Read the Globe and Mail article, Shoppers Drug Mart’s quest for an elixir, for some current background information.
Note: You must take a couple of minutes to customize Bigcharts.com so that the links to the charts open with the indicators used in this site.Note: This analysis is for educational purposes. Please conduct your own analysis or consult your financial advisor before making investment decisions
The chart snippets are from BigCharts.com which I recommend and have used for fifteen years.
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