Monthly chart shows bullish butterfly pattern with test of the low. Last 2 months, buyers have been slowly stepping back into the stock.
Stock ended week with buyers stepping back into stock. Price current above prior LIS at the $6.30 level. Next resistance level is at $9.50 area.
Profit taking towards end of Thanksgiving holiday week. Price needs to hold the 200sma as support for more upside.
Saturday, November 25, 2006
IMM Analysis 11.25.2006
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1 comment:
I too like IMM here 6.98
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