Wednesday, February 2, 2011

Potential news based break out...

Saw this stock on the NASDAQ after hours top ten gainers list. Check the charts and saw that it was consolidating nicely after a hugh price volume spike in early December and is now trading right at the break out level ($13.80 pre-market) after spiking on good news after hours.

If this stock cracks $13.80 which is a multi-year high then this could run up for the next day or two.

So keep and eye on this for a swing trade.

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