Supervalu.Inc (SVU). Technical analysis and price action following earnings report.

On Tuesday July 27, 2016 the company released a disappointing earnings report. Price opened below the descending trend line, pulled up a few points and then it came down hard.

The following two days, price consolidated and tried to regain some strength. The upper resistance trend line is still pushing price down. We should see next week what happens.

Watch this video for some technical insights.

Good trading!

Trading Risk Disclaimer

All the information shared in this course is provided for educational purposes only. Any trades placed upon reliance of are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. This is not an offer to buy or sell stock, forex, futures, options, commodity interests or any other trading security.