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Strategies & Market Trends : Charts for Bottom Breakout -- Ignore unavailable to you. Want to Upgrade?


To: Bosco who wrote (1560)3/11/1998 5:15:00 PM
From: Ed Huang  Read Replies (1) | Respond to of 3105
 
Bosco, HDS had a very strong move today. It could move
higher tomorrow morning. However, its bid and ask spread
at the close is 3 5/8 - 4, that's a bit too wide( unless this
closing quote is not accurate). A normal strong move of a
stock should show the bid price chasing the ask price closely.
HDS chart also shows it's very volatile. I would place a trailing
sell stop order to protect profit if I were holding this stock. But
this is not foolproof, price could pull back and hit your stop
then move up again. So it's all up to the trader to decide.

Good luck.