INNOSPEC INC. - IOSP
JP Morgan upgraded the stock from "neutral" to "overweight" today.
Monthly chart shows downtrend in place. Price found support off the .618 fib level. No buy signal off this timeframe.
Weekly chart shows a spinning top candle pattern for the week. No real buy signal as of yet on this timeframe.
Daily chart shows early buyers on Friday rushing back into the stock - gapping up the price at the open. However, they were met with selling as price approached $20 level. Look for continued strength before entering any longs.
Friday, November 16, 2007
IOSP Analysis for 11.16.2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment