Today’s stock chart scan examines Northgate Minerals (NXG) and Abercrombie & Fitch (ANF). Northgate exhibits a large symmetrical triangle pattern nearing its apex. With favorable precious metals prices and higher margins NXG could be set for a move higher. Abercrombie shows a classic head and shoulders formation with a neckline of $30.00. With consumers strapped for credit and retail sales weak, keep an eye on ANF heading into the end of 2010.
Northgate Minerals
(AMEX: NXG, Free Analysis)
Abercrombie & Fitch Co
(NYSE: ANF , Free Analysis)
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