Monday, September 25, 2006

Watch List - Eagle Materials, Inc. (Public, NYSE:EXP)

EXP soared Wednesday on disclosure that the CEO had recently purchased 400k shares. It has since retraced 50% of that move. I'm going to buy EXP on a high volume break of the down trend channel on the 30 minute timeframe. My near-term target is $47.50.

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