Wednesday, May 6, 2009

UPDATE

Just a quick post...I like the longer term pattern on GLW. Its been moving a bit sideways for the last month but has been up pretty strong over the last three days on some rising volume. Since it has moved up three days in a row, it could be ready to pull back a bit so keep an eye on that. With the 50 day moving average now crossing above the 200 day moving average, this stock could be well positioned to continue the uptrend. I also like HIMX for some of the same reasons. No options available on this one...but its only a $3 stock. This a longer term pattern.

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