If you are confused by stock charts, you are not alone. Reading a stock chart is intimidating yet there is no need to earn an MBA to develop an accurate understanding of what stock charts mean. We are here to help you figure out what stock charts tell you so you can be on your way to becoming a smarter investor.
Stock charts are easily accessible online
Surf the web on over to Google Finance, Yahoo Finance, CNBC or Zacks and you’ll find plenty of stock charts. However, if you are like most retail investors, you probably don’t know what these charts communicate. Type in a stock symbol, start clicking the chart and you’ll be able to view its historical price movement in specific periods of time.
Though it is tempting to shift your analysis to other qualitative and quantitative components aside from those presented in chart form, it is in your...