Stock Alert

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.

The chart for Diamond Offshore Drilling (DO) is forming a descending triangle. The descending triangle is considered a bearish consolidation. But you need to wait for a breakout to the downside, if you are interested in shorting the stock. Click the read more link for a minimum price target.