BOT Nears $150 Support
Posted on Tue 26th Dec, 2006 10:18:38 AM
Alrighty, for some unknown reason my wordpress is not allowing me to upload any images, this is what we call a “bad beat”. So, until I can figure out the problem I am going to post straight forward what you need to watch out for, and first up is CBOT Holdings (BOT). The stocks is nearing $140 support, and on Friday closed under its 50 Day Moving average. This is dangerous!! If you have a position in BOT what you want to see is the stock push back and close above $158ish – which is unlikely to happen. A good short point is in the area right now, and with a fall under $150 you will be in good shape. Currrently the stock is trading at around $150.50.
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