Charts of the Week - 2-05-2009
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Created by barrons3
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Date updated:02-06-2009

Here are some charts of stocks that were among the top gaining sectors on Wednesday and Thursday. Put these names on your radar.

symbol name last price % change open
  • +
  • SLB
    Schlumberger Ltd
  • $65.03
  • -0.81%
  • $65.17

Shares of SLB are moving through the 50-day moving average at $42.21. This stock could be on its way back to previous resistance at around $49.

People owning SLB also tend to own: AXAFDXNOKNUERTPTMAAPL

TheStreet.com Rating: B- What is this?

  • +
  • MT
    Arcelor Mittal Ne
  • $39.86
  • +1.45%
  • $39.50

Shares of MT have broken through the 50-day moving average on heavy volume. The stock has also formed a W-pattern that usually signals much higher prices ahead. If it breaks above $30 it could run much higher.

People owning MT also tend to own: CXFCXFTEKNMXNYXRIOTM

TheStreet.com Rating: No Rating What is this?

  • +
  • BHI
    Baker Hughes Intl
  • $41.59
  • +1.44%
  • $40.81

Shares of BHI have big upside potential. Watch for the stock to trade through $36.10, then $38.79. If it cracks those levels it could head much higher.

People owning BHI also tend to own: ANNAUYBACERICFGEGLW

TheStreet.com Rating: C What is this?

  • +
  • WFT
    Weatherford Intl
  • $16.70
  • +1.40%
  • $16.41

Shares of WFT have bounced nicely off the 50-day moving average. Watch for a break of resistance levels at $12.30 and $14.47 for signs of more bullish action in the future.

People owning WFT also tend to own: DENNRIRIGVLOBRK-ACHKCX

TheStreet.com Rating: C What is this?

  • +
  • SLT
    Sterlite Ind Ltd
  • $18.54
  • 0.00%
  • $N/A

Shares of SLT are near the 50-day moving average. Watch to see if volume picks up and if the stock can trade through this key technical level. It could make a run to around $7.

People owning SLT also tend to own: BAMCBLILVLTNYXSHLDTBSIBEAV

TheStreet.com Rating: C- What is this?

  • +
  • PCU
    Southern Copper C
  • $35.86
  • +2.99%
  • $35.15

Shares of PCU have moved through the 50-day moving average of $15.03. This stock looks ready to explode to $20 a share (next resistance level.)

People owning PCU also tend to own: BHPBTUBXPCBGCNXDLRFCX

TheStreet.com Rating: C What is this?

  • +
  • STLD
    Steel Dynamics
  • $17.05
  • +2.53%
  • $16.68

This chart simply looks awesome! The stock has now cleared triple resistance levels at around $13.50.. A huge run could in the cards back to the 200-day moving average (or even higher.)

People owning STLD also tend to own: AMDLENDAAPLEBAYGSIBMLMT

TheStreet.com Rating: C+ What is this?

  • +
  • TS
    Tenaris S.a Ads
  • $41.67
  • +0.94%
  • $41.18

Watch for shares of TS to trade above prior resistance at $24.50.. If it cracks that level it could be signaling signs of more upside price action ahead.

People owning TS also tend to own: AAPLBLE.TOCHINACTRPELR.TOEMUFCX

TheStreet.com Rating: B- What is this?

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