Wednesday, September 1, 2010

Chart of the Day

Today's chart of the day is POM. MA(20) has provided great support the last couple of months. Like so many other stocks, it finally broke out of its trading range today. 

Let's have a quick look at the weekly chart now. A break of 18.56 would take the stock to multi year highs. I would consider going long on a close above this level. 

I know this is meant to be "chart" of the day, but another stock that I like over here and would consider going long on a pullback is NI.

Take care and good luck!

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