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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:
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cashmaker
Posted : Thursday, March 24, 2005 2:07:05 AM
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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.
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ryurow
Posted : Thursday, March 24, 2005 11:21:14 PM
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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-
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