Here is the classic Cramer run up on news, and steady pullback to the rising 50dma. Very nice entry for a longer term bullish view on this stock.
78.6% Retracement & 50DMA Support
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4 comments:
Looks like a double top to me. I would be short term bearish.
I guess that I should have waited for your post before I entered. Oh well, at least I'm in if it does rebound from here.
Terence
http://optionjungle.blogspot.com
Nice blog!
What happened to your ER2 doubling every four days system?
By now that $5,000 should be up to $100,000 or more.
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