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Stock Of The Day
Posted on 09/20/2006 00:00 AM | Link | Post Comment
My stock of the day, actually it should have been for yesterday, is Focus Media (FMCN).
The stock traded very "dry" yesterday, and did not succumb to the overall weakness in the markets. It closed at the highs for the day. In addition, volume levels rose substantially.
I am hearing that the selling from private equity firms is drying up. The money flow indicator on the chart above would seem to confirm this.
The stock is just peaking above its overhead 50-day. Recapturing this level would be a bullish sign, and would be the first step in the stock working its way back to previous highs.
long FMCN
- Will The Streak End At 8?
- Sneak Peak Ahead Of The Open
- The Week Ahead
- A Mostly Flat Open
- Midday Check
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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