Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (11466)	3/8/2007 8:08:23 PM
From: chowder	Read Replies (5) of 13449

GMRK actually broke out to a 52 week high yesterday on huge volume. I didn't take a position yesterday because the price pulled back after the early price surge. I decided to see if we got any follow through and we did today as price formed a bullish engulfing pattern. You want to see price break out on 50% above average volume. Yesterday clearly did that and today was close enough to trigger a trade. Entry $40.92. Profit targets $4.00 - $10.00. Initial stop loss $36.00.

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