Page 1250 - How to Make Money in Stocks Trilogy

232 HOW TO MAKE MONEY IN STOCKS—GETTING STARTED

Lumber Liquidators – 2012 Closes at top of weekly price range Price
show support and demand 34
Weekly Chart
30
28
26
24
22
1
1 19
1
17
15
Heavy-volume down week actually sign 14
of support, not selling: 13
Where does stock CLOSE the week? - Recaptures 10-week line 12
Point 1: Drops below 10-week line during week, but 11
closes above it on good volume. Sign of institutional - Closes in upper half of price range 10
support that can help you hold the stock for bigger gains.
© 2013 Investor’s Business Daily, Inc.
Volume
4,000,000
1,600,000
800,000
400,000
200,000
Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 Sep 12
Waiting to see where the stock closes for the week
can help you hold on for bigger profits.

Checking the Chart for Sell Signals
See a short video on how to spot signs of trouble using daily and weekly charts
at www.investors.com/GettingStartedBook.