Monday, January 15, 2007

Chart: COGN

Anybody trading AAPL? If you are, take a look at the chart of COGN (Cognos, Inc.). These two stocks show some uncanny similarities: vertical moves from November to December, basing and a pullback from highs, a recent emergence and breakout above those old highs, and positive MACD. They even share the same concern: RSI divergence.

I may enter tomorrow, with s stop placed just under the old highs.

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