Well, it's been trading in a channel for almost two years. Up and down between $25 and $40. It's just above long-term support, and at the very least, you can expect it to test the 50-day EMA, but by the time that could happen in a couple of weeks, the 50-d might below my $28 confirmation anyways. Someone aggressive could try an A-T-M call for a short-term gain, but I think there are far better opportunities out there and would pass this one by. Good point about the MA's Vincent. I'm still getting into the habit of checking them. I usually do, but I overlooked it this time. There is pretty strong support at $25, but the question is what is going to happen once the MA's get there and depending what goes on in the sector and market. It could have a drop to $20 at support there. Please post on CRISS if you respond.
Showing posts with label put. Show all posts
Showing posts with label put. Show all posts
Wednesday, December 19, 2007
TIE too dangerous right now?
Well, it's been trading in a channel for almost two years. Up and down between $25 and $40. It's just above long-term support, and at the very least, you can expect it to test the 50-day EMA, but by the time that could happen in a couple of weeks, the 50-d might below my $28 confirmation anyways. Someone aggressive could try an A-T-M call for a short-term gain, but I think there are far better opportunities out there and would pass this one by. Good point about the MA's Vincent. I'm still getting into the habit of checking them. I usually do, but I overlooked it this time. There is pretty strong support at $25, but the question is what is going to happen once the MA's get there and depending what goes on in the sector and market. It could have a drop to $20 at support there. Please post on CRISS if you respond.
Subscribe to:
Posts (Atom)