Tuesday, August 16, 2011

PMT Follow Up

PMT was a long trade from 8/5 @$17.03

The trade is about flat, but the price pattern looks great and there's a 12.40% dividend yield.

 I like the price pattern, it looks like it' ready to breakout.

 We have a long signal just hours away on the cross-over screen, 2/3 signals are long.

 Here's the current trend channel stop

Most of all, the daily 3C chart looks fantastic. I see this as a longer term trending trade.

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