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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: robb3267 who wrote (2864)3/19/2005 9:14:01 AM
From: chowder  Read Replies (1) of 13449
 
Robb, ADBE was one of your picks. Congratulations on a very nice heavy volume break out. This is a text book example of a stock breaking out to new highs.

1. Gap up at the open.
2. Price continued higher during the trading session.
3. Price closed near its high of the day.
4. Volume was more than 50% above average.

Excellent!

MACD turned positive as did money flows. If it can pull back to about $66.00 or $66.50, it would present a great entry target for someone who missed this move and wishes to go long.

stockcharts.com[h,a]daclyiay[d20041219,20050319][pb50!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G

Good job!

dabum
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