Marketgrind Financial Blog

I hate this stock but it’s worth taking a shot here as the risk is perfectly defined.  The chart should be self-explanatory.  The stock sold off hard today and filled the gap from early December in what looked to be some kind of capitulation before reversing and trading up after hours.  I think you can get long right here and stop yourself out below 20.

Tags: NYX

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This entry was posted on Friday, January 16th, 2009 at 12:40 am and is filed under Focus Trades. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.