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X - Good Support Level

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1

May 04, 2011 – Comments (1) | RELATED TICKERS: X

X has pulled back over 25% since the February highs, but it's now in a decent support area with a promising looking falling wedge that indicates back to the highs on a break up. There's positive divergence on the 60min RSI and the immediate target within the wedge is in the 51 area:

Here is the Chart Analysis on X

Longer term support on this one year chart is at just over 44. Any lower than that would be a strong signal to exit and consider going short.

1 Comments – Post Your Own

#1) On May 05, 2011 at 12:48 AM, awallejr (81.20) wrote:

Yeah I like the stock now.  Was waiting for a pullback before I green thumbed it.

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