Trade with Caution. Entered into LFC and TIE
Posted on November 29th, 2007 in Long Trade, Stock Market |
The market bounced up today on the biggest up day for 2007 but on average volume. I am making a few long trades but with caution.
Entered into LFC [[LFC]] at $80.39. It bounced off the support at $74 and closed over the EMA9 on increasing volume.
Entered into TIE [[TIE]] at $28.80. On 11/21 it tested the previous low on 8/16 on 50% lighter volume which is good. The price moved higher on increasing volume and closed today above the EMA9 and EMA21. My first target is between $31-32. It has volume at highs so it will eventually head up to $36.
Sphere: Related Content


