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Strategies & Market Trends : Trading From Main Street.

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To: Brandon who wrote (2)5/6/2001 10:29:07 PM
From: Brandon   of 226
 
Flour Corporation (FLR). When traders looking for buying opportunities, those that are pulling back from new highs often present some of the lowest risk opportunities in the market. Look at the daily chart of FLR, you can see that after reaching new highs on 4/27, it has pulled back making lower lows and/or highs over the last five trading days. On friday FLR showed signs of reversing its downswing. Look for buying opportunities if it trades above $52.40. Protective stops can be placed under intraday support found at $51.

swingtrader.net

Brandon
teachmetotrade.com
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