Sunday, January 2, 2011

URI (swing, setup)

Stalking this rental/leasing service name, bullish volume pattern in the last months, 20MA acting as solid support, high short float (20%+, 7.45 days to cover), stoch turning up, RSI neither overbot or oversold

Possible entry: 22.8-23
Stop: 22 max (probably tighter)
Target: 25+
R/R: 2.75'ish

Daily chart

Weekly chart

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