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TARO: The stock has run from 21.50 to

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lee kramer  Grandfathered Member Tuesday, 08/20/02 07:19:56 AM
Re: None
Post # of 46 
TARO: The stock has run from 21.50 to 33, a 53% move. TARO is also a very nice chart, but for the past three days there has been no upside follow-through. Volume has been declining as the price has moved higher. This is a warning signal: price and volume should move together. TARO looks like a short today. My "target" is 30 to 31.15. If you short this one, you might want to cover "half" of your position when a day's pay occurs. And of course it would be prudent to enter a buy-stop in case the trade goes wrong. Trades sometimes DO go wrong.



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