Breakouts In Miniature
Mini versions of popular patterns, when traced out near their highs for
bullish signals, and lows for bearish signs can foretell powerful moves for
swing and even longer term position players. The mini cup and handle is one of
my favorites that has yielded two winners for short-term players and possibly
could be in store for more upside action.Â
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6-26-2001
Andrx Corp.
(
ADRX |
Quote |
Chart |
News |
PowerRating) is forming a mini cup and handle atop its 20-day
moving average. ADRX is currently up 0.36 to 70.09 and is holding a 3-month
relative strength rating of 92 from TradingMarkets.com.
Â
Direct Focus
(
DFXI |
Quote |
Chart |
News |
PowerRating) is tracing out a mini cup and handle pattern on
top of its 20-day moving average. The stock is currently up 0.17 to 42.49
and is carrying a 3-month
relative strength rating of 96 from TradingMarkets.com.
Â
Â
Â
Both Andrx
(
ADRX |
Quote |
Chart |
News |
PowerRating) and Direct Focus
(
DFXI |
Quote |
Chart |
News |
PowerRating) are up in
the days following our initial alerts, and traders should keep them on their
screens for signs of continuation.
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Until tomorrow,
Duke
P.S. If you have not taken the opportunity to check out the new TradersWire
Interactive, I suggest you go and take a look at what you are
missing. There are a lot of smart and savvy people in the chat room – and not
all of them work for TradingMarkets!