Bull flagMentioned this 1 in a blog post a few weeks ago. It's setting up another buy point. Looks like it will go, but it's only a 2:1 risk/reward at the breakout point. Longby ATMcharts110
above 50MA and trendlineI'd say long position due to breaking the 50MA and above the trendline as well. Longby twosecko0
NBR pullback to base breakoutI have labeled support levels and resistance levels and I am looking for this level to hold here and for a rally back to $22 where I will gladly exit for a 10% gain. I believe the risk is less than the $2 potential reward that I see, but unless you buy put options to lock that in, there is no guarantee. If there is a drop to $19, then all the better as the upside will be $3 and the risk only $0.50 at that level for a 6:1 ratio. Here the ratio is close to 1:1. Cheers. Technical Tim 11:52AM EST Wed, Mar 7, 2012by timwest113