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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (16919)	4/7/1999 10:50:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34811

This is a tough one. I assume we are talking about PRGN. It broke the trend line today which is negative. It has support at 27, 26, and then 22. For long term traders I'd say hold until the break of 22. But, since you are trading, 22 is too far of a stop. Your first stop loss point is 26 then 25. If you want to give it room and like the fundamentals hold to 25. However I must say this is the first time it has broken the bullish support line. That makes me say "hmmmm". Something might be up. Check the FA to see what it might be. If it rallies tomorrow I'd (if I owned it) would sell on a rally and be done with this stock and move on. That's me. Hope that helped, Jan I am