A major upturn is underway in Newell Rubbermaid (NWL) shares. Last May, a long-term uptrend topped out and the shares fell under distribution which continued until October. The shares then spend the last four months building a base for recovery in the $20.00 to $24.50 range. In the last month, NWL has come under renewed accumulation with the shares climbing on higher volumes. The shares have broken out their base, cleared the $25.00 round number hurdle, and continue to advance.
Following its big rally up off of the 2020 market bottom, Booking Holdings (BKNG) spent most of 2021 stuck in a sideways trading range between $2,000 and $2,500 consolidating its gains. A November breakout turned to be false, but underlying support held through the ensuing correction, which occurred on falling volumes. Since December, accumulation has resumed with the shares climbing on increasing volumes. Yesterday, Booking broke out to a new all-time high above $2,700, signaling that the recent pause has ended and a new uptrend has commenced.
For over 18 months, Marriott International (MAR) has been under accumulation, climbing a step pattern of rallies followed by pauses at higher levels and establishing an uptrend of consistently higher lows. Yesterday, the shares staged a major breakout, gapping up and soaring to a new high on strong volume, a sign of renewed investor interest kicking off a new advance.
Travel booking company Expedia Group (EXPE) has been steadily climbing back up the rankings in the SIA S&P 500 Index Report since December and advancing toward the top of the Green Favored Zone since January. Yesterday, Expedia finished in 28th place, up 6 positions on the day and up 67 spots in the last month.
New Gold (NGD.TO) shares staged a major breakout on Friday over $2.25, a move that snapped a long-term downtrend line and completed a bullish Ascending Triangle pattern, combining to signal that base building is over and a new uptrend has commenced. All of this happening on a spike in volume confirms renewed investor interest.
Lundin Mining (LUN.TO) shares have turned decisively upward this week, breaking out over $11.50 to complete a bullish Ascending Triangle base which formed over the four months since a summer 2021 selloff bottomed out near $8.50 last September.
A year ago, Principal Financial (PFG) completed its recovery from the 2020 market crash with a bullish Ascending Triangle breakout. Since then, the shares have remained under steady accumulation, advancing in a Rising Channel of higher highs and higher lows. This week, the shares have broken out to another new all-time high, confirming their underlying uptrend continues.
Since successfully retesting support in the $150s last month, American Express (AXP) has been under renewed accumulation. Starting with a high-volume bounce that regained the 50-day average, the shares had been climbing within their previous $150-$185 range for several days, snapping a downtrend line along the way. Yesterday the shares blasted through the top of the channel to a new all-time high, signaling the start of a new advance and the end of a consolidation phase.
After spending October to January stuck in the red zone of the SIA S&P 500 Index Report, cloud computing and IT consulting company DXC Technology (DXC) has soared up the rankings in the last few days. Last week, DXC returned to the Green Favored Zone for the first time since August. Yesterday it jumped 51 spots to 53rd place and is now up 255 positions in the last month.
For over a year, Dollarama (DOL.TO) shares have been under steady accumulation, advancing in a rising channel of higher highs and higher lows since completing a huge bullish Ascending Triangle breakout in April of last year that signaled three years of struggle were over and the shares were resuming their upward course.
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