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#1
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I sold all my shares of ONXX but.....
Definitely keep your eye on it like I said last week. It started breaking out a few days ago and has been strong, even when the market was having a brutal day, it held up strong. I posted earlier, you always want to keep your eye on stocks that hold up well when the market is getting its azz kicked because those are the ones that will move when you see a reversal. ONXX proves that, and it works the opposite. I took profits because it had a nice run. Earnings are next week, I believe on August 6th. ONXX just broke and closed above its SMA 50 for the 1st time since June 15th. Check out the chart. I wouldn't be surprised to see volume start picking up on it now and it should present good opportunity. I will wait to see how the market opens to see if there is a little profit taking but if there isn't, I will jump right back in for a swing trade.
http://finance.yahoo.com/charts#char...urce=undefined
__________________
Its all about the U 2011-12 NBA: 132-99-5 2012 NBA Playoffs: 34-31-1 |
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#2
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hope some jumped on ONXX as well, great follow through on the breakout in this down day so far.
__________________
Its all about the U 2011-12 NBA: 132-99-5 2012 NBA Playoffs: 34-31-1 |
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