November 16, 2012 at 17:30 PM EST
Dillard's Near New High After Clearing Flat Base
Dillard's (DDS), a high-end department store chain, is in buying range after breaking out from a flat base-on-base pattern in strong volume. The stock cleared the 79.33 entry Nov. 1 and is still within the 5% limit that defines a buying range. Volume on the breakout was solid, but the market correction remains a big risk for stocks. A week later, the stock jumped to a new high after Dillard's reported that profit for fiscal Q3 (ended in October)
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