Two Longs And A Short For This Afternoon

  • January 28, 2003
  • Duke Heberlein

For the most part, traders are waiting for the State of The Union address
tonight.  The market is attempting a rally on the heels of several CVR buy
signals last night. We’re pretty oversold, but also overshadowed by the obvious
geopolitical situation. There are a few interesting setups, though.

 

Artisan Components is trading in a Slim Jim near its highs, and it’s possible
that they may come back for it later today.

Stryker is trading in a Slim Jim near its lows and has taken out recent
support on the daily chart.

 

 

And Northrup Grumman has broken out of an angular triple top, which can be a
pretty strong pattern.

Have a good afternoon,

Brice

Â