JAS - JoAnn Stores

Discussion in 'Stocks' started by Anunakki, Apr 21, 2007.

  1. JAS is about to hit its ATH and major resistance at the 30-31 zone.

    Do we think its going to break that and go to new highs or is this a shorting opportunity ?

    Thoughts ?

    My feeling is its going to be a shorting opportunity.
  2. Increased volume uptrend, about to MACD about to cross, price just bounced off 20dma. Looking back at past price action, RSI over 70 is still very healthy for this stock. I'd say watch volume tomorrow as this baby closes close to 30.5. Resistance at 31 ? Maybe.... but I think this stock definitely hits 31.