Thursday, January 05, 2006

Trade of the Day - NIHD



Click on chart for larger view.

As discussed here over the weekend, NIHD was ripe for a reversal following an orderly pullback from the December high and a hammer last Friday. Another hammer was carved out yesterday strengthening the reversal potential with the formation of a very bullish tweezer bottom. I'm keeping this one on my radar for further moves. The stock closed near its highs so it could go higher in early action tomorrow.

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