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Old 08-01-08, 04:31 PM
HitHard17 HitHard17 is offline
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Join Date: Aug 2008
Posts: 2
TWC stalling at $29.50, but perhaps good news....

Good call on the bounce off the $25.50 support level; however, the stock seems to have slowed into resistance near $30; good news is it moved right through both its 50 and 200-day Moving Averages which is bullish.

If the stock pulls back to $28 or so and bounces, it may be good for a run up to $30.50 or higher. May be good idea to take on a 2-lot position; once the $30 target is hit, take 1/2 off and put a trailing stop of $.75 on the remainder.

Good luck with TWC! -Chip
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