$AKS close to first target This morning $AKS open
Post# of 474
Posted On: 11/26/2012 12:06:36 PM
$AKS close to first target
This morning $AKS opened just a few cents below my intial target which was gap fill 4 bucks before pulling back. The stock is now in an hourly chart uptrend at the moment with the 20 MA crossing the 50 MA and price trading above.
I think that this can keep going and that we could be looking at 5 bucks as long as the trend holds. I have a break even stop at 3.70 because we never know what is going to happen. If you happened to load up on this position, please be sure to have a break even stop at worst or a trailing at best, even if you want this for the longer haul.
The markets might have a Santa Claus rally or it might have a crash, we don't know.
[IMG]http://i.imgur.com/3bOuQ.png[/IMG]
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