Sunday, July 20, 2008

SWDY 20Jul2008 - Sweedy Cables - Buy



- Low volume
- RMO confirmed buy signal @ 142.7 , stop loss @ 139.82
- The close = last trade confirmed > signaled buy price.
- Over Bought, the stock needs to hold its position for three days or so.
- The stock confirmed the reversal from the short term down-trend it previouslt conformed to.
- I would buy this stock, and re-buy when it drops from the over bought area on K%(14,5)