When Ugly Is Beautiful
Whichever style of trading you employ, you have to take the signals as they
come. While some may look more perfect and textbook than others, the “ugly”
setups will often come out just as well.
9-11-2002
13:45:55
InVision Technologies (INVN)
is moving out of the pullback to the 20-day moving average we profiled Tuesday.
INVN is currently up 0.65 to 32.50 and is carrying a
3-month
relative strength rank of 99 along with an uptrending ADX of 36 from
TradingMarkets.com.
The pullback is not a smooth, symmetrical action. However, the
stock has been a strong performer, particularly in the wake of the last three days
recent selling.
Sometimes a few shakeouts can make the setup work out, as it
clears out the scared players. Learning to stick with strong stocks may pay off
for you if you swing trade. Don’t bail out too quick.
Have a great weekend!
Duke