AR,
According to my stock data, down loaded from "Dow Jones Information Retrieval" confirmed by daily business paper, I show the following: High, low , and Close for LCAV:
3/13 High:1 7/16 (1.4375) Low:1 5/16 (1.3125) Close:1 13/32 (1.40625).
< AR's 3/13 figures
open 1.42
high 1.71
low 1.37
close 1.62
My data shows a high of 1.4375 while yours shows 1.71. The low for 3/18 was 1 17/32 (1.53125) which does not close the gap. These are minor points, not worthy of serious consideration as I consider the gap to be a "break away gap". At these prices it could be considered a "mid range gap" which should be closed. Normally, a true break away gap does not close, if the momentum which caused the upward price movement has not changed. The major significance of the gap is that it does show buyer enthusiasm.
This stock shows good accumulation which has proven to be a good short term trading stock.
Congratulatons on your APCO trade, it was a good one.
Harry |
