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

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To: TATRADER who wrote (7959)4/11/1999 6:26:00 AM
From: Dale Baker  Read Replies (2) of 59879
 
Mark, please look at Friday's activity in URBN if you get a chance. Here are my remarks from another post. I bought URBN for FA reasons at 14 1/2 and plan to hold for the 20's.

URBN - fascinating stuff in the chart here. Friday's 3-point move left URBN at its highest close since August 1998; it shattered all the overhead from the past eight months. The 788K volume was the highest since late 1996.

I don't know what's going on but something serious is happening here. If URBN can break the 19 1/2 barrier there is no resistance in the chart until 25. Maybe there is big news brewing, or rumors of a buyout. I really don't know this sector well. But URBN is a stock to put high on your watch lists for Monday.
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