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8 Potential Trades: Beazer, Gray Television Inc…
Posted by Stock Online Trader on September 21, 2009 in Short Selling, Stock Picks, Technical Analysis
BZH – Beazer Homes has recently broken out of its 4.50$ resistance to spike up to 6.00$. Housing market has not completely reversed and home sales and prices are not rising. However there is overall optimism about the economy which is pulling this up. Can 6.00$ be a good resistance ? Watching… CABL is up [...]
Watchlist Review: Danaos Corp and Seaspan Corp Were Perfect Trend Reversal Stocks
Posted by Stock Online Trader on September 21, 2009 in Stock Review, Technical Analysis
Reviewing previous watchlist and how they performed. DAC turned out to be perfect trend reversal. First red day was followed by another one. As evident, once the volume fades and selling starts, more selling could follow. SSW has a similar chart as DAC and went through similar trend reversal. However the drop was not a [...]