Thursday, November 16, 2006

Momentum Stock - Intraday Setup - ZOLL Medical Corporation (Public, NASDAQ:ZOLL)

Thanks to Misadventures for pointing this one out. At noon, there was a volume lull. The next bar moved to the top of the narrow channel on an uptick in volume. After that, momentum came back into the stock and it rallied steadily up until 3:30.

If you get into a position when the MA is too far away from price, you might get shaken out on the pullback.

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