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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (143)12/28/2000 10:26:48 AM
From: Jenna  Read Replies (1) | Respond to of 6445
 
ANEN strong as iron opened precisely on cue at 69 1/2 and shot up from there. marketgems.com

We called the ANEN trigger at 55 1/2 and now its looking a little extended. I would wait for a possible exhaustion gap up or move up on Thursday and than a possible retreat. Look for it to take out the low established the first 30 minutes of trading. If ANEN hits 69 1/2 it could move through the year high but it looks more likely for a short play until 57 the first support line or 47 the second level in case there is a short fall announcement coming up.