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Worden Discussion Forum » General Discussions » Stock and Market Talk » Newbie looking at KERX

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niceguy
Posted : Monday, January 10, 2005 12:48:06 AM
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Joined: 1/4/2005
Posts: 1
 I am a newbie trying to figure some of this out before committing some money to trading. Looking back through the charts from daily to 8 day it looks like MS has been equal or rising faster than price. MS and TSV just had a surge and Stoc and MACD both indicate a possible a buying opportunity. BOP has been neutral or positive most the past year. Looks like it might get back to the May highs (~$19.00) with a stop set around $10.90. Any comments on this train of thought would be greatly appreciated.
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tfelts
Posted : Monday, January 10, 2005 3:46:05 AM
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Joined: 11/10/2004
Posts: 21
 The 20 day and 50 day moving averages just crossed the 200 day, so it does look poised for a move up. I would look for an entry between 13 and 13.50. Good luck.
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trader1
Posted : Monday, January 10, 2005 7:29:28 PM
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Joined: 10/7/2004
Posts: 5
 KERX gave a breakout buy signal 4 days ago on great volume and remains in a short term uptrend. HOLD
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gasminder
Posted : Monday, January 10, 2005 9:58:19 PM
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Joined: 10/17/2004
Posts: 43
QUOTE (trader1)
KERX gave a breakout buy signal 4 days ago on great volume and remains in a short term uptrend. HOLD


I'd definitely agree on this one. Broke out of a triangle formation on enormous volume. You might watch for it to come back and test support around 13.50 or so - a bounce off that would be a great time to buy (although on big moves like that you generally don't get the chance you certainly might if the current market weakness continues)
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RobertG
Posted : Monday, January 10, 2005 11:13:12 PM
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Joined: 10/7/2004
Posts: 17
QUOTE (niceguy)
I am a newbie trying to figure some of this out before committing some money to trading. Looking back through the charts from daily to 8 day it looks like MS has been equal or rising faster than price. MS and TSV just had a surge and Stoc and MACD both indicate a possible a buying opportunity. BOP has been neutral or positive most the past year. Looks like it might get back to the May highs (~$19.00) with a stop set around $10.90. Any comments on this train of thought would be greatly appreciated.<img src="/training/images/emoticons/smile001.gif"/>
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