Posted by downtowntrader | 11/08/2005 11:42:00 PM | 0 comments »

Here are updated charts for AOB and HOM.
Disclosure: I own shares in both.

I took some profits on this trade and will walk my stop up to follow it as it trades this channel. I expect a small pullback at some point before it hit's the top of the channel. My current plan is to trade the channel only and sell at resistance. I can always buy back above the channel if it does rally.
AOB traded down a little today. It had a failed triangle on the intraday, which it then reclaimed. I think it was just soft on the general weakness today. I think this stock has good potential for a strong move, but will trade it carefully.