TZOO Shows Rewarding Play With Break of $34

Add Travelzoo Inc (TZOO) to your watch list and keep an eye on it. Most likely will not come today, but the stock is setup nicely for a re-break of $34 resistance (set  in early October). A push past $34 on strong accumulation like volume would give you the upward volatility of $40 while allowing you to place a stop in the low $30s. Depending on how you setup the play TZOO could give you upwards of 12 to 1 on your money (buy at $34, very tight stop at $33.50, play to $40). Chart is attached below:

TZOO 111306.JPG

Happy Hunting.

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-- Posted by Blain Reinkensmeyer on November 13, 2006 at 10:24 am --

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