Comeback?
The intraday Nasdaq futures chart speaks for itself. But as I write this,
it’s trying to break the trend.
Today’s Watchlist:Â
(
VITR |
Quote |
Chart |
News |
PowerRating)
Vitria Technology
(
VITR |
Quote |
Chart |
News |
PowerRating), in the software group, is approaching support
once again, and setting up for a short. Vitria has been setting a series of
lower highs on each rally. Presently, it is trading near 24 1/2, which is an area
that has been tested several times before. Again, notice the lower high that was
set after the last bounce off the area in mid-October. Watch for a breakdown on
Wednesday to offer a short opportunity on a continuation move. The next support
level would be near 20.
Â
Until tomorrow,