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Look At This Stock - NYT

Jul. 05, 2013 8:48 AM ETADX, NYT
Jeff Pierce profile picture
Jeff Pierce's Blog
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By Jeff Pierce

This is exactly the sort of stock pattern I look for for tradewithZEN, but it's lacking 2 thing and that's why I didn't include it as a recommendation in my service:

  • Large volume supporting the move
  • A catalyst such as earnings or news announcement

Overall I think this stock will do well as the trend remains firmly up and the indicators are suggesting higher prices. I wouldn't chase though as this would be a good buy on a pullback near $11.

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