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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
tradewithZEN
My blog:
zentrader.ca
  • Things I Didn’t Like About Today 0 comments
    May 3, 2011 12:10 PM | about stocks: DISH
    1. Sell off on what the media portrays as “good news”.
    2. Individual stocks in my watchlist behaving poorly
    3. Stocks I own performing just plain bad
    4. One quality breakout added to my watchlist (see chart below)

    Volume was lighter on the Nasdaq, so that’s a plus as there was not a distribution day. Volume on the Dow was very light.

    Earnings winner EchoStar (DISH) – had a massive 20% gain as it broke out of a unusually large 18 month cup with handle. Using the base- confirmation line measurement, this will should easily get to $32 before some consolidation, but may have some problems if the overall market pulls back some. It basically did a weeks worth of volume today.

     

    Stocks: DISH
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