Thursday, March 31, 2011

MTOR Intraday Bounce Play

MTOR presented a nice opportunity for the bounce play today. The stock opened at $19.60 and fell to $15.75 towards the middle of the day, forming a beautiful exhaustion candle with huge volume. The stock rose above the buy signal at $16.18 and reached a high of $17.50, before retreating. Beautiful chart.

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