US Stock Picks: A (Agilent Technologies Inc.) – June 1, 2010

June 1, 2010

The shares of Agilent Technologies or “A” in the New York Stock Exchange have been ranging 10.5 to 42.38 for about 9 years now. It’s just nice to see how it was able to maintain a sideway channel for almost a decade. If Agilent breaches the rectangle’s resistance at 42.38, it could rise all the way to the next significant level which is at 68.00. On the other hand, a break of the box’s support could make this one into a penny stock. In the shorter term, however, the stock still has an positive bias given its present uptrend which started back in 2009.

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