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Frank started market timing in 1982 when the Federal Reserve cut interest rates and sparked the 1980’s bull rally. Realizing that this rally could have been forecasted, he began to search for indicators which had similar forecasting ability. Within a year, his first newsletter was launched,... More
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  • T Rowe Price (NASDAQ: TROW) In Steady Uptrend  0 comments
    Feb 16, 2012 3:27 PM | about stocks: TROW

    February 17, 2012

    Shares of T Rowe Price (NASDAQ: TROW) have established a steady uptrend, with only minor setbacks, since reaching a correction low back in early October, 2011.

    That low, at just above $45 a share, was a strong support level, having stopped the 2010 correction with a double bottom in July and again in August.

    T. Rowe Price Group, Inc. is a financial services holding company that provides investment advisory services to individual and institutional investors in sponsored mutual funds and other managed investment portfolios.

    TROW should continue higher, with minor corrections, until it reaches the $68 level. From $68 to $70, TROW will be dealing with all-time highs and strong resistance.

    Current support is at $56.50 a share.

    The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy does not currently hold a position in T Rowe Price.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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