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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (11508)3/15/2007 8:44:56 PM
From: chowder  Read Replies (1) of 13449
 
JCG has triggered for an intermediate to long term play. In message #11508, which this message is linked to, I had this to say:

>>> Entry target above $38.50, after earnings are out. Profit target $4.00 - $8.00. Initial stop loss $35.00. <<<

Earnings have been announced and price is now advancing after a brief sell off.

Price formed a nice base over a 2 month period in January and February. This base should serve as solid support once price breaks out.

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