Stock Chart Analysis ARGN

Posted by downtowntrader | 5/28/2007 09:14:00 PM | 1 comments »

Stock Chart Analysis ARGN

Amerigon Incorporated (Public, NASDAQ:ARGN)

ARGN is an IBD 100 stock with a promising chart. Its very thin, but volume has been building on this breakout. It is forming a bull pennant here as it works off some of the recent move higher. The 20 day moving average has caught up to price and could provide support for a breakout. A bull flag breakout should take ARGN near 20.

Good Trading,


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  1. Anonymous // 8:06 PM  

    how bout revisiting argn .... traded down to about 14.5 from 20 .... does that qualify as a 50% retracement from the run started around 8 and if so is this a good buying opportunity? Thanks, Phil