Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: Know Genius who wrote (25275)	2/22/2000 4:07:00 PM
From: Johnny Canuck	Read Replies (2) of 68985

I don't follow this one, so this is a cold read. VRTL looks to be in a timely business, telecommunications bandwidth management. It has received some positive press the last few weeks. On the technical side it looks like it is challenging the old high of a few weeks ago. Volume is accelerating as it challenges the old high. The price is up on a day that the overall market is down. Overall volume is higher than normal. It looks like the odds are on your side for break out. Since I don't follow the stock I can't say if the break out will hold. I would use a tight trailing stop. I can't find any news and it would need news to sustain a break out. Is some event pending?

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