Thursday, December 07, 2006

OLAB Update 12.07.2006

Too many sellers trying to get out of stock. Major LIS as resistance above, and UTL serving as support has now broken. Selling started at the opening bell and closed on the low at close of trading day. Look for follow through tomorrow and increased momentum. Downside tgts: current low at $4.77, then 200sma at $4.50 area. Traders have been getting out of this stock the last 4 months.

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