Wednesday, June 8, 2011

UCBI

For those of you that love that Cat and Dogs and what's not to love about a 100% 1 day move in a stock like WEST on June 1st and several others since, then you might want to keep an eye on UCBI-a financial.

This is a true C&D trade so it's speculative. That means risk management is a priority.

 Thus far it just took out the downtrend line on a slight rise in volume, but as I mentioned yesterday, it's the little things that you need to really pay attention to.

Here's the daily downtrend line taken out, there's one more hurdle at the $2.18 level which it is headed for pretty quickly right now.

A potential stop could be placed below the downtrend line.

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