Thursday, December 14, 2006

IMM Update for 12.14.2006

Huge range day, with buyers coming in early at the open and ran it up to prior resistance at the $9.50 area, where profit-taking took place. 200sma held as support for this move up.

Look for possible profit-taking before continuation higher.

First upside tgt for this move up is the .382 fib level at the $15 range.

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