A Day Late…No, A Day Later
Intraday setup alerts are normally thought of as useful only for that
day,
but in a number of instances, they can be helpful for the following day as well.
Why? Because a stock that is moving will normally continue to move for at least
the short term. On Friday, we profiled AirgatePCS
(
PCSA |
Quote |
Chart |
News |
PowerRating) later on in
the session.
13:35:53
Intraday Setup Alert
AirgatePCS (PCSA)
is trading in a Slim Jim near the intraday low. PCSA is currently down 3.68
to 43.30.
PCSA didn’t trigger out of the pattern by the close, yet ended the day there
and broke down on an expansion of range out of a pullback from low on the daily.
When this takes place, the potential for continuation is there.
Stocks that end the day in Slim Jims can also carry over the following day.
Today we get the follow through, as PCSA continues to the downside.
When you have the patience to continue to track a stock, the
extra work often will pay off. Get in the habit of checking the chart of stocks
that are mentioned, even if it is not a setup that you can act on that day. You
may just uncover a winner like this one here.
Until tomorrow,