Tuesday, December 8, 2009

S - Buying Opportunity

20 EMA for S has crossed 50 EMA, giving the signal to buy.  Recent up days are characterized by heavy volume.  Overhead resistance at $4.50 and $5.50 - $6.00.  Possible inverse head and shoulders pattern developing in weekly chart, with 6 month target of $9 very likely.

Entry price:

Average: $4.10
Good: $4.00
Excellent: $3.85




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