Today we will analyze the stock BEACON ROOFING SUPP (OWY.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in BEACON ROOFING SUPP (OWY.BE)
1- Last bearish trend was from 15.86 $ (2/14/2011) to 14.52 $ (2/25/2011) a 1.34 $ move 2- The current bullish trend started from 14.52 $ at 2/25/2011 and is currently trading at 15.23 $.
3- OWY.BE current support level is at 15.19 which is the 50.00 % fibonacci retracement of the last 1.34 $ move.
4- OWY.BE current resistance level is at 15.35 which is the 61.80 % fibonacci retracement of the last 1.34 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
BEACON ROOFING SUPP (OWY.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 14.520 and 13.020, and is currently supporting at 14.937.
BEACON ROOFING SUPP (OWY.BE) Mid term stock chart patterns for internet stock trading :

None.
BEACON ROOFING SUPP (OWY.BE) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 14.110 and 17.120 that was broken up at 11.280 transforming into a supporting line.

Stock Trading Conclusion:
BEACON ROOFING SUPP (OWY.BE) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 15.35, 15.86, 16.22, 16.69.
Stock Support levels : 15.19, 15.06, 15.03, 14.96, 14.94, 14.88, 14.84, 14.79, 14.52,.