InvestorsHub Logo
Followers 64
Posts 6681
Boards Moderated 2
Alias Born 02/07/2013

Re: None

Thursday, 06/19/2014 11:22:22 PM

Thursday, June 19, 2014 11:22:22 PM

Post# of 6939
BREAK: DRL ($4.27) WATCH for possible breakout > $4.88. Target here should be $6.22..if break out occurs. Note this one is Short term (1-2 week) extreme rally with possible tops. Upcoming Catalyst might be Earnings Report Est. by Yahoo Jun 23-Jun 27 (always careful with this). I can see $4.57 (1st target and resistance but if break out triggers > $4.88 then off to $6.22 ($5.26 will be second target)

My thoughts with this go in 40% before the target 1 ($4.57). Let it sit noodle and as you see pps get closer to break out trigger $4.88 then put another 60% in after it confirms above $4.88 trigger price. Then unload all with profit of course.

Today's volume wasn't high alert but watch volume. Keep in mind that DRL has a typical rally: 34.7% (1.49 pts) and for Extreme rally about 45.1% (1.94 pts) so the prices/target's above is reasonable but you never know with the market.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.