Canadian Natural Resources Ltd. (CNQ) recently surged above a key level of short-term resistance just above $63 after testing the area numerous times over the last few months. Shares had been consolidating into a wedge formation leading into the breakout after bottoming out with the market in early March. The next area of significant resistance is at $83, the 52-week high, but if shares falter in the meantime look for support at the recent breakout area. Take a look.
The Goldman Sachs Group, Inc. (GS) has also recently pushed higher above a key level of short-term resistance above $168 that had kept shares at bay for the last 6 weeks. Shares of GS have been trending higher for the last 6 months, showing very little sign of slowing down. A new 52-week high has been set, but the 2-year high above $215 is still a distance off. Take a look.
