
06-01-2007, 06:46 AM
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Registered User
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Join Date: May 2006
Posts: 671
Rewards: 238
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Quote:
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Originally Posted by whodi
Check out the 6 month chart on this stock, it has been trading in a 5 day tight formation and looks to be trending up, I will most likely enter the trade tomorrow, especially if it is over 20, if it drops on the open, that will just give me a better entry point. My stoploss would be 18.50. It is looking poised to break over the 50 MDA. 20.35 would be a clear break to the upside for a little run. Keep on the radar boys.
http://finance.yahoo.com/charts#char...urce=undefined
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I have a chart that shows the samething on the 20+. That wouldgive it the 3rd green arrow,but its low on institutional $ and the fundamentals are too low for me to buy options, strictly a "Stock"buy. The 30 day moving avg appears to be moving "slightly" down. I like your idea of buying this one on a dip.
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