TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who wrote (52579)	1/4/2006 4:44:44 AM
From: GTC Trader	Read Replies (1) of 59879

Mark, Any thoughts on STEM? It looks like it may be putting in a double bottom with December's low of 3.40. bigcharts.marketwatch.com If 3.40 is taken out, then I think it will tank. If it holds above 3.40, however, it looks like it may break out above the downtrend from September's high, which I place at about 3.63, which was Tuesday's HOD. Thus, it seems to be at a critical junction where it could move strongly in either direction. It looks oversold to me (Stochastics and RSI) and selling pressure seems to be diminishing, so do you think that it may move higher from here? Ken

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