• Download software • Tutorial videos
• Subscription & data-feed pricing • Class schedule


• New account application • Trading resources
• Margin rates • Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Worden Discussion Forum » General Discussions » Stock and Market Talk » GMTN Short covered. Volume picking up. $15 is possible

GMTN Short covered. Volume picking up. $15 is possible Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
cashmaker
Posted : Thursday, March 24, 2005 2:07:05 AM
Registered User
Joined: 3/24/2005
Posts: 38
GMTN volume picking up,unusual volume these days. I am thinking maybe something brewing, strong annual financial statement in 2004 even 2004 experienced warm winter. $14 already touched. Short term target $16.8 . Solid company with potential market share and good business strategy. PE is 13.
Back to top
ryurow
Posted : Thursday, March 24, 2005 11:21:14 PM
Registered User
Joined: 10/12/2004
Posts: 7
 There is a nice reverse H&S pattern in the chart. From what I can see, the naxt major resistence level should be at 18.00.

However, it does look to be oversold at the moment. I would wait for a pullback, maybe to 12?? before going long on it.

Best of trades-
Back to top
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.