Brief Respite
Stocks in the midst of fast moves rarely pause for long. Often these issues
will make a one- to three-day pause before exploding again. Our goal on the Insights
From The War Room and TradersWire
Interactive is to help to identify the equities that have the
potential to explode and possibly continue.
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7-17-2001
15:07:56
Metris (MXT)
is beginning to form a pullback from its recent high. MXT is now up 1.22 to
36.77 and is holding a 3-month
relative strength ranking of 91 from TradingMarkets.com.
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The purpose of these alerts are not to act as buy and sell
signals, but rather to give you a heads up as to where the action is. The
decision on whether or not to act on the insights must be determined by the
individual trader and their methodology/money management strategies.
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Prepared traders have profited from the movement in MXT, and
will most likely continue to do so as they monitor the stock for continuation to
the upside. Keep high 3-month relative strength stocks on your watchlist, then
look for pattern formations such as this. You to will soon be catching moves
after being prepared.
Until tomorrow,
Duke