AI
Sunday, May 04, 2008 4:35:00 PM
Concerning NEOP, I would be very careful of this stock right now. While it is trading within the Bollinger Bands the indicators are not showing any current strength.
It should be noted that the TRIX(7,5) is trading sideways, the MACD is falling, and the -DI and +DI are converging in a downware trend.
Also, be leary of unusual volume as this may indicate a P & D on the current stock. If you are willing to trade this quickly, (i.e. a few minutes to a few hours), then you could possibly make a nice profit off of any P & D.
My honest opinion of this is to be very careful at this point.
JM2CW
Always look for the % Runners, and MOMO plays!
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