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No. of Recommendations: 2
What a difference a day makes. This one certainly did look as though it could break either way last Friday. Today obviously provided the answer. The stock basically closed right on support at about 13.34 on 2/24/04 which had provided resistance back in late July/early August 2003. After forming a nice base for much of Feb and Mar, the stock made a bullish cross over on the stochastics producing a large white stick on increasing volume on 3/25 which was a day when everything seemed to have gone up. The volume increased yet again last Friday as the stock challenged but could not close above its 200 DMA. Today it opened above its 200 DMA and never looked back on volume that increased once again. It appears to have found momentary resistance around its intraday high of 16.66. But the fact that the stock has broken above the 200 DMA and held is generally bullish IMHO.


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