Tuesday, May 19, 2009

WFR


Ok, my last chart for the night. WFR is a interesting one. Closed right at resistance and had great volume today. In addition, it seems to be gaining strength, so I believe this could go to $19+. Not a 16% day gainer but hedge funds were do anything for a nice 2-4% day gain. With a decent market, it can run for a few points. (Also, WFR has cash ps levels that is equal to about 25% of the current stock price.
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3 comments:

  1. RTMay 19, 2009 at 10:44 PM

    RF - do you see a triple top forming here (I know you are not a believer in the triple tops)....if so, potential to run past 19?

    ReplyDelete
  2. RFMay 20, 2009 at 7:11 AM

    $20 is possible

    ReplyDelete
  3. RFMay 20, 2009 at 7:16 AM

    let is get over $17.69 and use that old resistance and new support

    ReplyDelete

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