BOT Nears $150 Support
Posted by Blain Reinkensmeyer
December 26, 2006 at 10:18 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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[...] Posts • BOT Chart• BOT Nears $150 Support• Daily market commentary for Tuesday, December 26th,2006• NYSE Group Raises Bear Flag• Las Vegas Sands Falls Under Support• NASDAQ Index Nears Key Support• Apple Stumbles Below Key Support• RIMM Gaps, Stock Free Falls• Stocks To Watch, Google and NYSE• Daily market commentary for Thursday, Dec 21, 2006 [...]