Don't Ignore This Chart

Vectren (VVC) Kicks Up

Greg Schnell | 

Vectren (VVC) has been in a great uptrend. With the recent market pullback, it also came in a little. However, today kicked in one of my favorite signals. The price turned up the Weekly Stochastic on the second panel. This stock has given a buy signal on the indicator from below 20 to back above 20.

The strong volume this week is expected given the turbulence in the overall market. However, the stock has been in a strong uptrend and looks like it could continue. We are in volatile times so make sure you have a stop if this fails to hold.

Here is a link to the video about the new StockCharts for Dummies book! It is now available!

Good trai

As well, I will be hosting a Market Outlook live webinar at 11 ET. CLick on the webinars tab and select the event on the right! Or click here!

Good trading,
Greg Schnell, CMT, MFTA

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018).
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