The trading diary of Paul J. Singh. I trade full-time and empower traders by making the complex simple. I can be contacted at SinghJD1@aol.com
Wednesday, October 24, 2007
Earnings Breakout Chart: EDU
EDU broke out from a cup and handle formation and is currently digesting gains. Notice the positive volume trend, which signals that big players are accumulating the stock. I am looking for a breakout-pullback play, and will look to enter on a pullback to the $70-72 range.
Labels:
accumulation,
breakout-pullback,
cup and handle
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