Market Curiosity: Exploring Markets And Systems

June 9, 2011

MDT, ARUN at EMA and trendline support, with a NR7 today

Filed under: Just Watching — Tags: , — Jeff Fitzmyers @ 10:27 pm

Could be a trade if today’s high is surpassed with volume. But I will likely just watch.

+ NR7 today, and on good volume.
+ Gapped down and rose up from a trend line (-but not a lot, -and volume was low)
+ Small risk to near yesterday’s low-ish.
– Already 3 up days in a row.

ARUN is in a similar position, except 13% of the float is short and the short ratio is 5.

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