Skip to main content
what the charts say

Winnebago Industries Inc. rallied from $6.02 (U.S.) to $32.41 (A-B) above its rising 40-week moving average (40wMA). It declined below this average in early 2014 (C) and traded in a corrective parallel channel for about two years (dashed lines). The recent rise above the channel suggests: renewed investor interest, the breakout from the trading range and the start of a new up-leg (D). Behaviour indicators including the 40wMA and the rising trend-line (solid line) confirm the bullish potential. Only a decline below $20.50 would be negative. A rise above $24 to $25 would signal initial Point & Figure targets of $28 and $32.

Monica Rizk is the senior technical analyst and Ron Meisels is the president of Phases & Cycles Inc. and he tweets at @Ronsbriefs. They may hold shares in companies profiled.

Chart source: www.decisionplus.com.