Saturday, April 21, 2007

PDC Analysis for 04.21.2007

Monthly chart shows support building off the $11.50 low. Selling seems to have stopped the last 2 months.

Weekly chart shows first resistance to be at the $14.50 range.

Daily chart shows gap up at open on Friday with exuberant buying. Sellers tried to pull it down, but only managed to close the gap before buyers took it up to close near the high of the day.

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