All Posts Tagged With: "bearish hanging man"

Beware the Candlestick “Hanging Man” in Wells Fargo Shares

Wells Fargo shares sailed up 31.7% last Friday on the strength of unexpectedly good profit numbers, which were ascribed principally to strong business in new mortgages. Other banking issues basked in the reflected glory and gained ground as well.

Upon brief examination of the performance of the Dow Industrials on Friday, one factor fairly leaps off the charts: whereas banking issues did well, by and large the shares of companies which make tangible products which people use every day barely moved – for example, Johnson & Johnson, Kraft, Procter & Gamble, Exxon Mobil, and Coca-Cola. Johnson & Johnson and Merck were actually down a…

13Apr2009 | William Kurtz | 0 comments | Continued

  • Polls

    How Has The U.S. Recession Affected You?

    View Results

    Loading ... Loading ...
    • Improve the web with Nofollow Reciprocity.