2waytrading

Bullish Double Bottom

BATS:SPN   None
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FYI the company will report Feb 18, 2013. This bullish pattern has a measured move of 24% from today's close, but low volume may suggest that we will pull back before we breakout upside. I would wait to enter long position to 18-day exponential moving average $22.52 area. If you decide to take a long position, you can make your stop loss at $21.76 with target price $31. Join us http://www.woowtrading.net

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