Stock Chart Alert

Amazon.com has potentially formed a double top. It has not broken through the horizontal support line, so it's not a valid pattern yet. See what happens. If it bounces up from the horizontal support line, consider going long. If you are considering going short read on.

The stock chart for American Express (AXP)appears to be forming what appears to be an ascending triangle. This is considered a bullish formation, but you need a breakout to the upside for confirmation. The volume typically decreases throughout the formation of the pattern. Read on for price targets.

Lender Processing Services Inc. (LPS) is forming a rectangular top. This stock chart formation is also know as a channel. A breakout can occur in either direction. This stock has been on an uptrend so the bias is up. But it's best to wait for the breakout. To calculate a minimum target price, read on.

The stock chart for Cephalon (CEPH) has formed a double bottom. As prices broke out several days ago, this formation is confirmed. These types of formations are very prone to throwbacks, so you can wait to go long at a better price. Click the read more link for a minimum price target.