Easy Prey, redux
A brief update:
CBI is the star of the day, so far trading up to new all time highs on ~375% of adv (average daily volume). And holding near the highs.
I have tweaked the breakout for PKD to a close above $6. It is there now -- well, $5.98 high and last -- but on comparatively light volume, ~55% of adv.
XTO gapped up above resistance on the opening (as suspected) but has pulled back with the rest of the oil group. It has traded ~142% of adv, so let's see how it closes...
The other three continue their meandering ways.
CBI is the star of the day, so far trading up to new all time highs on ~375% of adv (average daily volume). And holding near the highs.
I have tweaked the breakout for PKD to a close above $6. It is there now -- well, $5.98 high and last -- but on comparatively light volume, ~55% of adv.
XTO gapped up above resistance on the opening (as suspected) but has pulled back with the rest of the oil group. It has traded ~142% of adv, so let's see how it closes...
The other three continue their meandering ways.
posted by David M Gordon | 9:02 AM
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