After gapping up on Sept. 8th and carving out a wide range bullish stick, EFX has consolidated its gain in the upper half of that day's trading range. After tagging the rising 10 day EMA on the 22nd, it has formed a series of higher lows hugging the MA as it continues to rise. Resistance is $37.12. Long on a high volume break of resistance with a preliminary target of $38.50. This setup may take a few more days to develop.
Sunday, October 01, 2006
Equifax Inc. (Public, NYSE:EFX)
After gapping up on Sept. 8th and carving out a wide range bullish stick, EFX has consolidated its gain in the upper half of that day's trading range. After tagging the rising 10 day EMA on the 22nd, it has formed a series of higher lows hugging the MA as it continues to rise. Resistance is $37.12. Long on a high volume break of resistance with a preliminary target of $38.50. This setup may take a few more days to develop.
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