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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Fri Aug 26, 2005 3:57 pm Post subject: DD Chart (Updated) |
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DD is a chemical and biotech firm. This top Dog of the Dow created a bearish engulfing Friday (although, it hasn't been confirmed) on top of a steep recent sell-off. However, the Oscillator (ULT) and the Stochastics are so oversold, that DD calls may be a buy on pullbacks (e.g. Sep 37.5 calls). Support is just above 39 (a previous low). Resistance is around 42 1/2 (50 day MA, Parabolic SAR sell signal, and Price-by-Volume bar).
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