TZOO Shows Rewarding Play With Break of $34
Posted on Mon 13th Nov, 2006 10:24:01 AM
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:
Happy Hunting.
