Sunday, October 07, 2007

LDG Analysis for 10.07.2007

LONGS DRUG STORES CORP.

Monthly chart shows uptrend remains intact for time being. Key LIS of $45 is current support.

Weekly chart shows small double bottom, with pricing closing above the small $48.50 key LIS.

Daily chart shows retracement found support off a small .786 fib level. Buyers came out in force on Friday, gapping up the price and closing near its highs for the day.

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