CPFL Energia S.A. (CPL) recently hit a new multi-year high at $70 after jumping above a key level of resistance at $65. The surge higher kicked off about a month ago after shares rebounded from a key trend line that has been in play since shares bottomed out just above $34 in March of 2009. Moving forward, look for support from both the trend line and the previous breakout area on any weakness, take a look below.
Veeco Instruments, Inc. (VECO) recently jumped higher after rebounding from a key support level, breaking the down trend that had been applying pressure to prices for the last six weeks. As it stands, shares are trading right in the middle of the recent range with a slight bias to the down side on some recent weakness in the market. Take a look below.
