Post by DJF on Mar 28, 2005 2:31:56 GMT -5
CMVT - Thursday's selling was disconcerting. Looking at the intraday (10 minute) chart, we have a potential intraday low at $24.44. If you are concerned on further losses I would run a stop below this price. If you were buying the breakout I would use my original stop of $23.59 to allow for a move to close the breakout gap, or the 50-day moving average at $23.19 - which would still be bullish in the intermediate term, to place a stop. I think the NASDAQ remains the best index to look for a bounce, so opportunities to sell at a higher price should present themselves soon.
stockcharts.com/gallery/?cmvt
Due diligence,
Declan
stockcharts.com/gallery/?cmvt
Due diligence,
Declan