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Strategies & Market Trends : Charts on Near Term Uotrends -- Ignore unavailable to you. Want to Upgrade?


To: Jibacoa who wrote (555)2/26/2003 4:45:35 PM
From: Jibacoa  Read Replies (1) | Respond to of 1404
 
PKD Seems to have found good support at the 2.05 level.<g>

The stock has been up for its 3rd day in a roll as the price of oil climbed to a new 27-month high in London.

The shares have been trading around 0.7 of book with a PS of 0.5. Insiders and institutions have done some buying lately.

The stock was up 11.93% on volume of 1.677M (more than 3x its daily average.)

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The shares closed above the February and December Hs and the next hurdle will be the Nov.6-Nov.7 double top at the 2.65 level.

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From a longer term perspective the R/R doesn't look bad at present levels.<g>

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Bernard