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Re: criscros post# 146

Saturday, 03/28/2009 3:39:41 PM

Saturday, March 28, 2009 3:39:41 PM

Post# of 363
From http://itradepennystocks.com/

Going into this week we have some stocks that are at early stages in a breakout and some that are setting up to possibly breakout, so I hope that means that we all get to make some more money in the near future. If you haven’t been able to catch any of the runners we’ve had lately, stay vigilant and watch for those breakouts to trigger. Even if you miss the initial breakout move, that is not the only time to play them. Waiting for the first pullback after a breakout can often keep you out of fake breakouts, so that can be a perfectly viable option for some. Now to the updates:

DTMG - Had a very solid day on Friday with an 8% gain, plus it closed at the day’s high. It was the second day in a row that it closed above the old resistance we were watching, plus we have a golden crossover with the 50 MA breaking over the 200 MA. If you notice on most of my normal breakout picks, the price is often above the 50 and 200 MA, which is generally looked at as a bullish indication. When the 50 MA is on top of the 200 MA, that is just icing on the cake.