My long scans continue to be nothing but an empty mess of sloppy and choppy mess. The only long worth a position tonight is LSR. All I am doing with this stock is adding about the same amount that I just covered at the start of Thursday’s trading session. Since it came back and put in a bullish intraday reversal the very next day on very strong accumulation, I feel that I have to take it back in. Besides that, the fact that the stock’s BOP remained max green yesterday and today is a clear sign this stock’s condition is still bullish.
adding to existing speculative Featured long position: LSR
LSR is retaking the 50 day moving average and closing at its HOD, on very strong volume. The stock has been very pretty since early 2007 when it started moving higher, climbing along the 50 DMA, on very strong accumulation with very little distribution. Along the way the RS and moneystream line keeps confirming the higher highs and the BOP has spent much of the time in the green to max green territory with it being max green for the past thirteen days with a short stint just before it max green also. This stock should be bought with LIMIT ORDERS ONLY. Cut your first loss with a close below the 50 day moving average and your final loss with a close below the 19.52 area, if the stock does not move higher immediately.
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