Saturday, November 03, 2007

SNC-tc Update for 11.03.2007

SNC LAVALIN - SNC-TC

Daily chart shows the last 2 trading day's price action created a couple of dojis. Price is currently above all key moving averages. Potential double top in place, but not much selling other than profit-taking at this point. Unless there is stronger evidence of stronger selling, look for continued momentum to the upside - target is $51 to $53 for now.

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