Trade Idea - ESL
Monday, September 01, 2008
The stock made a very significant move on Friday breaking out from its ascending triangle pattern which could be signs of a bottom here for the stock and the bulls ready to make some more moves. ESL has a good looking stock chart price broke out from the horizontal resistance mark around $54 on heavy volume in the face of a collapsing market. This breakout suggests a possible move to $62.90.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: ESL