Tuesday, May 24, 2005

Swing setup: CVO

CVO's chart is shown here. This is about as nice of a swing setup as you can ask for. I think part of the reason that these types of setups are as reliable as they are is because it is fairly evident to institutions accumulating the stock that it probably won't be getting any cheaper for a while, and they get into a buying panick. We'll see how this one plays out over the next few days.

Also check out traderhr's free swing pick for Tuesday: BOOM.


At 10:17 AM, Blogger Gordengekko said...

I am also hearing a possible buyout rumor on CVO. It could take off soon.


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