This Is Why You Should Pay Attention To A Narrow Range Bar

McAfee Inc (MFE) is
testing a support level
after pulling back from the May 31 high. The
stochastic is now in the oversold zone, and the stock may be ready for a
recovery rally.

10:04:45 (from TradersWire) The clock is
3 minutes slow.



Order Type




Current Price

Posted By


CC buy stop at 17.38 pullback 17.24 17.57 17.35


Helped by strong retail sector,
Circuit City
(CC) gapped above the upper Bollinger band at the open. Shortly
after 9:40, CC formed a tail and began to pull back toward the middle band. At
10:00 AM, the stochastic dropped into the oversold zone, and the 10:03 bar was a
doji (open=close). This could be a potential reversal situation. I placed a buy
stop at 17.38.


Follow up on CC (Pt 2)

The issue is now at the target price. Re-adjust your stop or sell your

If you have questions, feel free to
mail them to me.