Stock Chart Analysis GMO

Posted by downtowntrader | 5/06/2007 09:22:00 PM | 0 comments »

Stock Chart Analysis GMO

Idaho General Mines Inc. (Public, AMEX:GMO)

GMO is trading in a classic bull flag after more then doubling in a powerful March breakout. It had a false move out of the flag already, so be careful trading this one. I would feel better if it cleared the 7.00 area, but the 20 day simple moving average has caught up with price and could ignite a move.

Good Trading,