Vlo broke through 50 day moving average 35.45, climbed upto 35.95 and retraced back. Its going above 35 again. Are we seeing a breakout here?
At least street.com says so
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=9401170&src=finance&ch=633473
Wednesday, August 27, 2008
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2 comments:
Nice catch. I knew VLO would make a move soon. I'd wait until it breaks out of the 50 DMA prior to entering.
I guess you are spot on. VLO went again upto 35.98 and now fell below 35. Its better to wait until it breaks out.
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