ADBE, CHS, UNM our Free Stock Picks  RSS

by Sinisa Persich, TraderHR.com, Tue November 6th, 2012

Adobe Systems (ADBE) is testing its resistance line in the 34 1/2 area going back to early April. A move above 34.65, in particular, would signal a break of the 7-month sideways pattern, and possibly resume the uptrend of December through March when the stock rose nearly 40%.

Chico's FAS (CHS) has edged above its resistance line in the 19 1/2 area that has contained prices in its two-month consolidation. The stock had moved from 13.70 in mid-June to 19.34 in early September, and could continue the move on this breakout.

Unum Group (UNM) is also threatening to break above resistance, which would signal a trend reversal if the stock gets above 21. The stock has fought back from a low of 18.36 in late July.