DRE DUKE REALTY Important trendline test from above= more UP?DRE has been in the news as a strong performer in the recent months, and has outperformed the S&P on a larger time frame. Zooming in, we can see a small HNS on the 15min, that should bring us to test the red longer time frame trendline.
This is a great spot for a long again around 24.55 to see if we continue to the upside, however, if this breaks, shorting down to the 24.32 retest of support should work nicely
Testing
#HUN Resistance turned Support and testing 50 dma.Late September 2015, #HUN gapped down through the 14 USD level. The stock has tested this level a couple of times and it acted as a strong resistance. In April 2015, #HUN bullishly breached resistance for the first time and now #HUN is dropping lower and testing back the key 14 USD level. Will it hold as support this time? Price is testing the 50 day moving average in this potential support zone. If it holds; there is some nice upside in this stock.
Risk/Reward = 4