I'd be inclined to short it here with a tight stop at the 200 dma of $101.83 with an initial target of $86 and a longer term target of $70 ish. But really any break of the tight recent range ($99-$103) would be very meaningful. Whats most important for the longer term is a close above the 200 dma or a close below the 50 dma ($98.10). But be warned, this stock could still be in a long term uptrend.
Sunday, February 17, 2008
Coiled PCU
I'd be inclined to short it here with a tight stop at the 200 dma of $101.83 with an initial target of $86 and a longer term target of $70 ish. But really any break of the tight recent range ($99-$103) would be very meaningful. Whats most important for the longer term is a close above the 200 dma or a close below the 50 dma ($98.10). But be warned, this stock could still be in a long term uptrend.
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