07-20-2007, 07:07 PM
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Registered User
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Join Date: May 2007
Location: D' burbs
Posts: 1,493
Rewards: 40
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Like some opinions on DVA
Looking at 2-3 year chart the stock's been going sideways between 59.50 and 50.75 since the July 31st '06 breakout. Riding up and down the SMA 50 and 200.
http://finance.yahoo.com/charts#char...urce=undefined
Closer in, it was doing nothing today until about 2:24p when it shot up over a dollar. Unless I'm wrong, the candlestick is showing a positive Engulfing pattern for yesterday and today. This is after a downgrade Wednesday.
Is there a clear positive sign here for a bounce up the next few days? And is this pattern ripe for a break out either way soon? Volume patterns aren't consistant with the triangle.
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