Wednesday, January 6, 2010

NTRI ready for a bounce?

Let's see if NTRI is ready for a bounce. With such a pull back, we may get a spring back up.




You may give this one a bit of room for your stops though, perhaps down near the 50dMA = 26.20. The support at 26.60 is not strong, and may have to travel a bit lower, which will be better for the risk to reward ratio. It could go as low as $25.80 before it turns around, so be cautious, watch for it to turn, if you can. If it gets that low, then a stop near 25.25 would be a good place for safety.



Klatuu