LLTC is on my radar

[whodi]

Its a definite short under 37.50

http://finance.yahoo.com/charts#char...urce=undefined

IT has a double top formation from middle april to middle may, 37.50 would be my entry on the short. It can very well go the other way sense its not far off its highs as well at 38.84.

I wouldnt be surprised to see it make a run at closing some of the gap up, just something for you all to keep an eye on.

[Goods]

Whodi ~~ What do you mean by double top formation? Is that where the stock price is far above the SMA expected to come down?

[whodi]

Read this article about double top formations, then look at the pictures they show you on this site, and then look at the formation from middle april until middle may and you will understand what I am talking about. The pics on this site will look very similiar to LLTC. Let me know if this helps

http://www.tradersnotebook.com/dbltop.html

[whodi]

LLTC is definitely looking downtrending and looking bearish as expected. Hope some of you guys were able to get into this one.

[Goods]

Thanks for the info Whodi, I learned quite a bit from the website.

[whodi]

NP, keep up the good work.

[whodi]

Originally Posted by Goods

Whodi ~~ What do you mean by double top formation? Is that where the stock price is far above the SMA expected to come down?

LLTC has started to break down out of this doubletop formation, lets see just how far it can drop now.

http://finance.yahoo.com/charts#char...urce=undefined