ACOR Daily Chart ~ Bottom In? I'm not sure that
Post# of 2559
Posted On: 01/04/2014 8:56:19 PM
ACOR Daily Chart ~ Bottom In?
I'm not sure that a bottom in ACOR is in yet. No one can tell you a bottom is in with any certainty, but I did enter the stock on Thursday and Friday in the high 28.00s to 29.11. The FullSto and MACDs already began their positive crossovers with the exception of the 12d which is close enough for me. I was decided whether to go with some in the money calls or stock, and I chose stock. What needs to happen quickly is for the stock to recapture the falling shorter term moving averages, MA7, 10, 16, and 20 between here and 29.91 currently. A close above 30.46 would signal a reversal to the upside. Until then, I'm taking a shot that the 28.50/28.67 lows are the bottom. ACOR is a great stock to swing trade, and one simply needs to be patient and wait for the next entry after a successful exit. Using the crossovers as buy and sell signals have been good for $4-$7 swings in the past. GLTA
I'm not sure that a bottom in ACOR is in yet. No one can tell you a bottom is in with any certainty, but I did enter the stock on Thursday and Friday in the high 28.00s to 29.11. The FullSto and MACDs already began their positive crossovers with the exception of the 12d which is close enough for me. I was decided whether to go with some in the money calls or stock, and I chose stock. What needs to happen quickly is for the stock to recapture the falling shorter term moving averages, MA7, 10, 16, and 20 between here and 29.91 currently. A close above 30.46 would signal a reversal to the upside. Until then, I'm taking a shot that the 28.50/28.67 lows are the bottom. ACOR is a great stock to swing trade, and one simply needs to be patient and wait for the next entry after a successful exit. Using the crossovers as buy and sell signals have been good for $4-$7 swings in the past. GLTA
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