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Registered User Joined: 10/7/2004 Posts: 2,126
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This stock was brought up by my system 212 days ago. I have traded this stock for over 6 months on and off with excellent results. You must watch the daily volume for daytrades - at times it gets low into the 200,000 shrs or so. It has work wonders for now. The utility sector is also leading at this point, and well I thought it may be worth your time. good luck.
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Registered User Joined: 10/24/2005 Posts: 101
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BigBlock,
How about a hint?
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Registered User Joined: 10/7/2004 Posts: 2,126
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Please look at the chart. It should be plenty of hints there. good luck
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Administration
Joined: 9/30/2004 Posts: 9,187
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What stock are you talking about? That's the question. Must have gotten cut off from the topic title.
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Registered User Joined: 10/7/2004 Posts: 2,126
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Sorry folks. The stock in question is USEY. Thanks for the reminder.
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Registered User Joined: 10/7/2004 Posts: 11
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You are right, interesting chart. Think it will top out here soon, or comence a heavy retracement. If not ... All Aboard!
BGS
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Registered User Joined: 10/7/2004 Posts: 2,126
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Edisto it is very possible that a retracement is about to come. It may take the price down to the 50 MA as it has done in the past. It may represent a great buying opportunity. the Sector is leading and I think that althought this has been running full steam for over a yr, it still has lots of upside potential. good luck.
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Registered User Joined: 10/7/2004 Posts: 11
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BB,
On the longer chart the 01/02 double top is going to present significant resistance, so upside could be limited here. The current run from 05 to 06 will have to catch its breath before breaking thorough. Granted these are nothing more than my humble opinions.
Glad to hear you had a great ride!
BGS
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Registered User Joined: 10/7/2004 Posts: 2,126
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Edisto I was aware of the double top 01/02, and it will probably present resistant, as it is a masive level. I disagree with you on the upside potential so. Look at the volume of 01/02 and look at the volume now. Can you tell the extreme difference. The uptrend 05/06 and prior has been much widely supported than before. Of course this is my speculation. good luck.
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