Public Service Enterprise Group (PEG) through its subsidiaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of approximately 13,146 megawatts. Which gas station do you prefer? Take the survey for a chance to win a $1000 gas card!
PEG completed a Head & Shoulders top back in 2008 and dropped 40% after breaking the 39 level.
Last week PEG completed a 11 months Triple top formation with almost the same support level around 38.50. The implied target of this break down is $34. The question is will history repeat itself?
TETRA Technologies, Inc. (TTI) together with its subsidiaries, operates as a diversified oil and gas services company. It operates through four divisions: Fluids, Production Testing, Compression, and Offshore.
TTI is in the process of completing a triple bottom formation. A breakout above the neckline at 7.70 would imply a target of $10.50.
Expeditors International of Washington, Inc. (EXPD) provides logistics services. The company’s services include air and ocean freight consolidation and forwarding, customs clearance, warehousing and distribution, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, and other logistics solutions.
EXPD almost completed a 4 year inverted Head & Shoulder pattern. The stock broke out in February but pulled back into the pattern where it formed a five months flag.
Now EXPD has moved out of the flag to the upside. The implied target is $61.