Thursday, September 17, 2009

STEC - Buying Opportunity

Entry - $34 or lower. Exit position if stock does not close above 50 EMA by today.

Update - Closed position at $32.40. 20 minutes left and it still cannot hold 50 EMA.















Updated Chart: STEC broke key support levels on record volume - next support is at $28.45. There's really not much else below that. There also appears to be 2 unfilled gaps around the $6 and $11-$12 range - those could potentially be filled in the future.

No comments:

Post a Comment