AmerisourceBergen (NYSE:ABC):
As a holding company, the AmerisourceBergen Corporation markets pharmaceutical products and health systems on the American market. Since the AmerisourceBergen Corporation does not produce any medicinal products itself, its main tasks consist in the storage and nation-wide distribution of these products. In April of last year, this stock met an early high at approx. $120. After the break of the last point three at $93.60, this stock transitioned into a valid downtrend. The current course low is located at $73.31; the correction zone runs between $80.50 and $92.48. In the last few days, the price came very close to the upper edge of the red box, where it is now forming our DowHow signals. This could definitely be a sign for a renewed trend continuation.
Seagate (STX):
Seagate Technology (NASDAQ:STX) LLC is one of the leading manufacturers of hard drives. The company offers internal and external storage solutions for notebooks as well as desktop computers. The focal point of the group lies in the development and distribution of storage media for companies, which aims to be applicable irrespective of the branch. The chart of the technology company has also been in a stable downward trend for quite some time; however, this trend is now quickly reaching maturity. We are currently in the 7th correction, and the DowHow signals are displaying an 8th movement. As long as the price does not leave the red zone by means of the closing price, this trend can absolutely continue on once more.
Consumer Goods (VFC):
VF Corporation (NYSE:VFC) is one of the leading global retail companies in the clothing industry. It regularly has its own designers develop new products, which it then manufactures and markets via department stores and specialised trend stores. Among the branded goods produced are, for example, jeans (Wrangler, Lee), lingerie, children's clothing, sporting goods, outdoor clothing (Timberland, Napapijri, The North Face) etc., as well as products for the lines 7 for all Mankind, Ella Moss or splendid. Although the chart for this company was not quite able to withdraw from the current correction, it fared better than several other companies. The price is currently in its last valid correction zone, where it has been forming new DowHow signals over the past couple of days. This makes a trend continuation very probable. However, the price also still has a little more potential for recovery, since the end of the correction box is only at about $70.35. Patience may well pay off here.
Disclaimer:
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.