Thursday, February 10, 2011

EEE getting ready to make another move higher

 EEE still remains on a long signal and the typical pullback to the 10-day moving average has taken place (yellow line). I'd prefer a stop at the blue 22-day moving average.

 Here's the 30 min chart showing distribution of the last run.

 The 10 minute chart shows renewed accumulation

As does the 5 min chart.

If possible, I'd try to even pick up some shares in after hours if available at a decent spread.

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