Look Above
Long side patterns above the 20- and 50-day moving averages are a good place
to look for potential winners, both in day- and swing trading.
9-21-2001
11:36:28
FLIR Systems (FLIR)
is moving out of a pullback/running cup and handle. FLIR is currently up
1.70 to 34.25 and is carrying a 3-month
relative strength ranking of 99 from TradingMarkets.com.
On Friday we caught FLIR Systems
(
FLIR |
Quote |
Chart |
News |
PowerRating) as it was moving out of a
pullback/running cup and handle.
Swing traders were able to capitalize on the pullback.
While daytraders made some hay as well.
Look for longs above the 20- and 50-day MAs, and you will be on
the right track.
Until tomorrow,
Duke
P.S. I am really looking forward to meeting many of you in Las
Vegas. If you haven’t already done so, go on over to the registration
page and reconsider. There Eddie Kwong and myself will be teaching several
techniques (never publicly revealed) on how the maximize the power of the TradersWire.