NEENAH PAPER INC. - NP
Monthly chart shows support off the $31 area for now.
Weekly chart shows gap down on Friday, where buyers came out in force and took the price higher, creating a large piercing pattern - gaining back almost all the ground lost the previous week.
Daily chart shows the gap down and the large bullish engulfing candle, indicating buyers came out in force. Look for continuation higher. First target is the 200sma at the $38 level.
Sunday, October 28, 2007
NP Analysis for 10.28.2007
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