NVEC up 9%
Last week I posted on NVEC basing out and recommended readers add it to their watch list. Well, Friday the stock closed on a perfect upswing pattern, and today the stock is up almost 9%, just hitting new intra-day highs (real time) about 1.5 minutes ago of $43.75. Volume is currently 650,000+.
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Posted by Blain Reinkensmeyer on October 30, 2006 at 10:36 am --
[...] Just posted earlier on NVEC being up 9% today, you as a trader could have banked off this play due to the bull flag NVEC raised on Friday. NVEC has been trading in a range of roughly $39 to $43, and after climbing as high as $42.84 midday Friday, the stock sold off and closed at $40.05. At first glance you may think this is bearish, after climbing so far the stock closes up a measily $.40? Traders must have been selling off and tomorrow it will surely tumble. This is very wrong. [...]