IGT confirmed breakout

Discussion in 'Stocks' started by Stocks4life, May 9, 2013.

  1. Oh BS.

    This isn't a breakout stock.

    The all-time high is over 49.41 set in on 2/26/2008.
    There is resistance around 20.5-22.5, which is the peak of the the reaction after IGT crashed from 50 to 7 in 2008.

    There is a big ceiling at 26.

    You need to look longer than 8 months when identifying "breakout" stocks...

    This stock has threatening thunder storms overhanging it, not clear blue skies...
  2. I find 8-12 months back enough for breakouts but everyone has their own opinions of what works for them.