AO Smith Corp. (AOS) just jumped above a key level of short-term resistance at $50 after surging higher with the market over the last few days. The next target from here is the 52-week high, just above $56. The MACD below the chart is bullish too, with the short-term average jumping ahead of the long-term average. Look for support from the trend line and the breakout area at $50 on any weakness. Take a look below.
Speaking of new highs, in spite of the weak market of the last few weeks, Enterprise Products Partners (EPD) has moved back within striking distance of its all-time high at $36.73 after rebounding from a key trend line in early June. If shares push through the high it should be smooth sailing into uncharted territory, with the MACD looking bullish here too. Look for support from the trend line on any weakness, take a look below.
