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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: lonny who wrote (13641)3/4/1998 8:54:00 PM
From: DanZ  Read Replies (1) of 53068
 
PAUH.

Lonny,

PAUH broke out on the daily chart yesterday and followed through on the open this morning. The stock then sold off and came back to test the upper bollinger band at 10. I view the action today as nothing more than profit taking and like the stock a lot because it established a long base and broke out on above average volume. The next resistance area is between 12 1/2 and 14. A close below 10 would be a failure of the breakout and the stock would likely return to its old trading range between 8 1/2 and 10.
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