Wednesday, September 12, 2007

OSTK-, Inc.

Now this is a good looking stock. Tons of support, 22.80 looks to be the key point to get in. The stock is trading just above it's lower trend line. It's low today bounce right off the trend line which adds more confidence of the lower trend line. 22.80 is a perfect time to get in for a swing trade.

There's hardly any resistance for this stock so it shouldn't have a hard time on keeping it's upward momentum going. The second half of August has been trading on light volume yet it's still heading up, a sign to me of volatility. However, today finished with a above normal amount of bullish volume.

This looks like another swing trade candidate. I'll see if it hits my price targets or not.




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