Wedges, triangles, and stuff: Chart patterns for breakouts Message Board

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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts

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To: Joe Copia who wrote (3)	5/17/1997 11:39:00 AM
From: HeyRainier	of 257

Here's one I found: Eagle Hardware and Garden(EAGL) Strong company; estimate beater, good fundamentals, though it seems to be fairly priced in my opinion. It's got a nice flag pattern. Watch it oscillate from 24 to 16 from January to May, and watch it as it converges nicely on May 12..and break out on the upside above its 50-day average. It looked good when a trader I worked with pointed it out to me. As I like to eat my own cooking, I took a position in this on Friday, where it held up remarkably well compared to the broad market weakness. I'll post this too on the other thread. Regards, Rainier Trinidad

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