The Stock Pond

[cuzloc]

STP

Overall the daily chart looks good. You have the RSI 14 raising above its moving average. On the PPO and ADX you have a pinch with some divergence starting. I feel you can play this stock one of two ways.

1) You can enter here at 8.16 with a stop loss of 8.00 and ride it out until about 10-10.50(is where i see the next resistance) The only problem with this approach is that it has to cross over the EMA 9 again(which is did on Wednesday)

2) Similar to approach one but you wait for your entry after its crosses the EMA 9 ($8.53) set a stop loss around $8.16 and again you can ride it out until 10-10.50.

IMO i like method 2 better but each trader is different.