When It’s Time To Stalk
I am often asked why a particular stock will be profiled over several days in
the Insights From The War Room. The
reason is that having the patience to stalk a stock will often reward the the
intelligent speculator.
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10-11-2001
13:51:28
AdvancePCS (ADVP)
is trading in a cup and handle atop the 20- and 50-day moving averages. ADVP
is now up 0.02 to 73.18 and is holding a 3-month
relative strength ranking of 91 from TradingMarkets.com.
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AdvancePCS
(
ADVP |
Quote |
Chart |
News |
PowerRating) was a stock we tracked for three
days. Our diligence paid off when today’s session came.
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Daytraders can also take advantage of these setups, looking for
entry points on the intraday chart.
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Therefore, don’t think just because a potential setup may not be
“fresh,” that it is “stale.” Speculation is about observation
— and patience often pays.
Until tomorrow,
Duke