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Thursday, August 23, 2007

ESRX, MOS Range Bound?

MOS: This former nice uptrending stock appears to be in range bound mode recently. Trading in the range of $34-$41 for the past 3 months. It is nearing resistance. Considering the market sell-off, the stock has held up relatively well trading in a range. Watch closely to see how stock reacts at the resistance. Could breakout or trade back down.

Will post the ESRX chart later. Blogger having problem uploading this chart.

Edit: After several days of trying, finally managed to get this chart up. Similar to MOS, ESRX is also a former uptrending stock that is trading in a range of $48-$55. Keep a close watch as it nears resistance.

posted by Simply Options Trader at 10:27 AM PERMALINK


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