Today we will analyze the stock SHUTTERFLY (P1Q.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in SHUTTERFLY (P1Q.BE)
1- Last bullish trend was from 27.99 $ (3/15/2011) to 36.67 $ (3/31/2011) a 8.68 $ move 2- The current bearish trend started from 36.67 $ at 3/31/2011 and is currently trading at 35.71 $.
3- P1Q.BE current support level is at 34.62 which is the 23.60 % fibonacci retracement of the last 8.68 $ move.
4- P1Q.BE current resistance level is at 36.67 which is the 0.00 % fibonacci retracement of the last 8.68 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
SHUTTERFLY (P1Q.BE) Short term stock chart patterns for internet stock trading :

None.
SHUTTERFLY (P1Q.BE) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 27.990 and 23.860, and is currently supporting at 30.521.
SHUTTERFLY (P1Q.BE) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 27.990 and 23.860, and is currently supporting at 30.521.

Stock Trading Conclusion:
SHUTTERFLY (P1Q.BE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 35.94, 36.08, 36.19, 36.30, 36.67,.
Stock Support levels : 34.62, 33.35, 32.33, 31.31, 30.52, 27.99, 25.63,.