Click on chart for larger view.Whenever a stock makes a high volume breakout and closes near its high as ANTP did on Friday, I look for continuation the following day. My entry was 0.12 above Friday's high and based the daily chart, I estmated it could go anywhere from $19.00 - $19.50. I was conservative and took a profit at $19.00 but I could have let 50% ride for an additional point.
ANTP closed just above its 200 period SMA on the daily chart, but it formed a long upper shadow so we may be in for some cosolidation on this name tomorrow.
1 comment:
I have been following a site now for almost 2 years and I have found it to be both reliable and profitable. They post daily and their stock trades have been beating
the indexes easily.
Take a look at Wallstreetwinnersonline.com
RickJ
Post a Comment