Thursday, April 05, 2007

Trade: Long SPWR @ $48.16 on 4/4

This stock finally moved today. I have been watching this stock since last week.

3 comments:

Anonymous said...

Hi MC,

Are you also using any indicators or oscillators before placing your trade? Thanks!

RR

Anonymous said...

hi mc. New to you site and love your style. how do you like CMC here? thanks!

MIkey

mc said...

RR,

I don't use indicators other than 10EMA and 30EMA and Volume.

Mikey,

Around $30 area would have been a better entry but since the CMC is now going sideways (FLAG pattern) the best buy area would be after it clears the top of the congestion. Having said this, a few days inside the consolidation would do this stock a lot of good rather than breaking out right away.

-MC