Man Industries - New breakout
The stock moved up on high volumes and came off over the last couple days on lower volumes.
The stock could start to move up again in a day or 2.
Long around 136 on the bounce with a stoploss for this particular trade at 125.
If the stock continues on the way down over the next day or 2 and then bounces i'd look for a bounce around 130 to go long with a 5% stoploss.
The entire sector is buzzing with strong guidance across the board.
The stock could start to move up again in a day or 2.
Long around 136 on the bounce with a stoploss for this particular trade at 125.
If the stock continues on the way down over the next day or 2 and then bounces i'd look for a bounce around 130 to go long with a 5% stoploss.
The entire sector is buzzing with strong guidance across the board.
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