Tuesday, May 22, 2007

GOOD MOVES TODAY

RIMM moved more than $7 today on higher-than-average trading volume. Buying now would be too risky, but congrats to those who got in.
If MR breaks above $29.22 on high trading volume, consider this a breakout from consolidation.
IFOX failed to break out above previous resistance so still watch this one.
ICE has returned as being a strong stock and appears to be building a perfect cup and handle. (To find out about cup and handles visit the education section at www.investors.com

HERE IS THE LIST OF STOCKS THAT POPPED UP ON THE PRICE AND VOLUME BREAKOUT SEARCH:
ANST bounce of 50 day moving average is a positive sign eventhough it is not a 52 week high.
OMRI This is too risky of a trade so I wouldn't take it.
RIMM, but this one is outside of a comfortable buy area for me.
SOLF - two words - Bottom reversal?

There is a saying in the investment world: Cut your losses short and let your winners run. I need to take that into consideration looking back at TAM.

GOOD LUCK TRADING.
JD

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