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Trade Alert: TIE

|Includes:Precision Castparts Corp. (PCP)
TIE, support, resistance, SMA

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HedgeFundLive.Com

TIE has been a weak name over the course of the past five trading days. Looking ath the daily chart you can see the weakness by the bearish candles on the daily chart. The stock has made lower highs and lower lows a clear indication of selling in the stock. There was some support at 18.50 which TIE was able to break through easily. If you are looking to be a buyer of  this name long term look at 17.50 as an entry point. On a intraday basis look to see if 18.10 could hold as support, but if it doesn’t you can take a shot at a short if it breaks 18. Intra day resistance 18.55 is resistance. Longet term 19.10 is a resistance with the 8,15,20 SMA’s all around that level.

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Stocks: PCP