Today we will analyze the stock American Greetings Corporation (AM) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in American Greetings Corporation (AM)
1- Last bullish trend was from 14.39 $ (4/24/2012) to 16.00 $ (4/30/2012) a 1.61 $ move 2- The current bearish trend started from 16.00 $ at 4/30/2012 and is currently trading at 15.09 $.
3- AM current support level is at 15.01 which is the 61.80 % fibonacci retracement of the last 1.61 $ move.
4- AM current resistance level is at 15.19 which is the 50.00 % fibonacci retracement of the last 1.61 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
American Greetings Corporation (AM) Short term stock chart patterns for internet stock trading :

None.
American Greetings Corporation (AM) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 4.440 $ height triangle.
American Greetings Corporation (AM) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 4.890 $ height triangle.

Stock Trading Conclusion:
American Greetings Corporation (AM) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 15.19, 15.30, 15.38, 15.44, 15.55, 15.62, 15.65, 16.00,.
Stock Support levels : 15.01, 14.39, 13.95,.