I'm in the process of lightening up on long inventory into the weekend. taking initial profits on PCX among others. Thinking that some profit taking is in order next week.
After putting in a fairly dramatic blow-off top in January 2011, FFIV has been taken to the cleaners more than once. A hard sell-off on January 20 gave way to a classic dead-cat bounce that further send prices to new lows on March 22. See weekly chart. On the daily chart we note a small […]
Ford has had a great run off the bottom in first quarter of 2009. To be exact the stock rallied from $1.5 at the lows to $19 in January of this year. Since the highs Ford pulled back and found solid support at the 200 day moving averagee (red line). More recently Ford broke […]
MMR has been holding up well and after consolidating some over the past few days looks to have found solid footing to move higher. If the stock can hold above $18.40 I will add to my longs and move the stop to $17.50 with a target near $20.