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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?


To: David Fitz who wrote (96)2/10/1998 9:20:00 AM
From: Wayners  Read Replies (2) | Respond to of 927
 
I'm thinking a quick buy on CADE with a tight stop for those that like low priced issues and the additional volatility/risk. Neutral trend and flat upper bollinger band may stop this one clean in its tracks though. Maybe a buy stop just past $2.5625 is in order. Probably $2 5/8 would be best to be safe. Volume wasn't real spectacular either. I would also consider buying a gap down. If this thing is really going lower I'd expect it to open where it closed and start heading down.