DRI breakout watch and gap fill

Discussion in 'Stocks' started by Stocks4life, Mar 12, 2013.

  1. here's another trying for a 3rd time to breakout and fill the gap, could be tricky

    BREAKOUT WATCH for possible breakout above 48.13, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 50.51, 5.4% Stop: 47.15, Loss: 1.6%, Profit/Loss ratio: 3.4 : 1 - Excellent

    CURRENT PRICE 47.93, at resistance, 47.61 ± 0.52, type double, strength 7

    RESISTANCE ABOVE +5.8% at 50.73 ± 0.56, type single, strength 1
    +9.8% at 52.65 ± 0.58, type double, strength 4

    Stock chart

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=DRI
     
  2. good move higher today