I've been looking to go long on a pullback, since these stocks have pushed far above their 20 SMA. Great pullback today, but the 30-day charts indicate more to come. I'm a pretty new trader - any opinions from the highly experienced out there?
These stocks are overbought, once commodity prices correct these stocks will follow quickly behind. They raised POT target to $340 the other day, reminds me of the dot com days.
They appear to be fine vehicles for intraday trades, but I don't want my lack of experience to ruin my mood before vacation.