ISE Looking for Support at the 50 Day Moving Average
Posted on Thu 9th Nov, 2006 01:14:31 PM
International Securities Exchange (ISE) just hit a new intra-day low of $47.64, and the stock is down over 1 point on the day. Volume is very low though, just passing 350,000 about 30 seconds ago. I would keep an eye on it as this may be a relatively good buy point. Technically picking up shares around this point would give good odds on your money. Another way to play this stock is to wait to see if it gaps up on strong volume back above $50 over the next week or so. This would signal a move back towards $55 as highly probable.
Happy Hunting.
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