Today's Trade Entry: ACH - The Market Speculator

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Today's Trade Entry: ACH
Apr 23, 2008 08:32 PM UTC

The Market Speculator

Return	Risk
-8.97%	HIGH

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Symbol	Sentiment	Start	Return	Closed
ACH		04/23/08	-33.39%	--

Via The Market Speculator:

I bought 300 shares of ACH at an average price of $43.08. I usually don't make long entries on beaten down stocks or sectors, but China stocks are due for a bounce and today's strong breakout offers the type of volume catalyst that could be good for a few points. I like the fact that price, OBV and RSI made higher lows (stochastics did not), and we have some room until we hit major resistance.

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