Thursday, September 16, 2010

Chart of the Day

Today's Chart of the Day is FMCN. Like this one either on a pullback or new highs. Seen an impressive increase in volume in the last few trading sessions. The highest trading volume was on  a down day but it didn't go down a lot even then. When even high down volume is not able to bring a stock down much, its a positive sign. Seeing the overall market conditions, I would look to consider scaling into this one rather than taking an entire position all at once.
Take care and good luck!

P.S.: OK! Found another one that I like even better. Lets just make it Chart(s) of the Day today. Actually, I really like this one. Close to making new highs. Two consecutive low volume doji days after a big move up. I am going to stalk this one today.

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