Today we will analyze the stock PERINI CORP (PE2.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PERINI CORP (PE2.BE)
1- Last bearish trend was from 17.59 $ (3/10/2011) to 15.85 $ (3/18/2011) a 1.74 $ move 2- The current bullish trend started from 15.85 $ at 3/18/2011 and is currently trading at 17.55 $.
3- PE2.BE current support level is at 16.93 which is the 61.80 % fibonacci retracement of the last 1.74 $ move.
4- PE2.BE current resistance level is at 17.59 which is the 100.00 % fibonacci retracement of the last 1.74 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PERINI CORP (PE2.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 17.590 .
PERINI CORP (PE2.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 15.850 and 14.230,resistance between 18.340 and 16.590, the stock channel is currently supported from below by 16.187 and resisted from above by 19.075.
PERINI CORP (PE2.BE) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 15.850 and 14.230,resistance between 18.340 and 16.590, the stock channel is currently supported from below by 16.187 and resisted from above by 19.075.

Stock Trading Conclusion:
PERINI CORP (PE2.BE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 17.56, 17.59, 18.06, 18.67.
Stock Support levels : 17.15, 16.93, 16.90, 16.72, 16.70, 16.51, 16.50, 16.26, 15.85,.