Tuesday, November 9, 2010

Chart of the Day

Today's Chart of the Day is SPN. I had posted this chart in the watchlist twice last week but today, it has made it to Chart of the Day. The stock has been consolidating nicely quite some time now after a big move up. Moreover, an oil play that hasn't move up big in the last few days just doesn't make sense, does it?! I like it on a break of 28.34 with a stop below MA(20).

Take care and good luck!

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