Monday, January 22, 2007

Failed Breakouts in AAPL, DLB & NTGR

These three stocks all had decent breakouts over the last few weeks before selling off back below their breakout point. Now they each precariously lie just above their 50 day moving averages. They may prove to be decent shorts (or put plays) on a break of the 50 day. NTGR actually pierced it's 50 dma last Friday which can be a kiss of death even if the stock recovers it by days end. I would place my stop at the breakout price in each case.




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