looking for BTU to hold the 50 dma

Discussion in 'Stocks' started by trader2000, Jan 8, 2009.

  1. keep in mind,stocls tend to briefly break through moving averages,particularly significant one's such as the 50 and 200dma. so put in stops about .15 under the 50 dma at around 24.84. BTU could move today about .50 cents to 25.59 area. in this market,.50 cents is fine.
  2. yesterdays low was 25.10 so in reality.i'd hate to see it fall below that level.
  3. charts are screwed up today. stop on BTU around 25 . could rally to 27. sell orders around 26.48 area for me.
  4. great trading in that one earler. scalped about .50 cents.
  5. blew right through my 26.49 target.