Thursday, August 02, 2007

 
Trading Ideas & Picks

Firstenergy Corp - FE - At 200-day moving average Resistance

FE: - Stock recently broke below the neckline of a head-and-shoulders pattern and it has also closed below the 200 DMA for the first time since April 2006. The move back toward the neckline, also known as a throwback, is a common occurrence and traders will now watch for a bounce off the trendline as the bears attempt to control the momentum...

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