Sunday, January 21, 2007

ODSY Analysis for 01.21.2007

Early buyers found at the $12.00 area. Stock forming a base at this level during the month of December and January.

Cradle pattern shows reversal in place. Look for continued follow through off the daily chart.

Shares of the hospice operator were upgraded by Deutsche Bank analyst Darren Lehrich to a "buy", and shares rose pre-market. Daily chart shows a frypan bottom candlestick pattern, with a kicker signal on Friday. Buyers gapped up the market at the open, above the prior LIS at $13.78 high. Early profit taking took it below the LIS, but stock finished the day near the highs. Look for continuation.

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