Stock Chart Analysis GRA

Posted by downtowntrader | 5/21/2007 09:20:00 PM | 0 comments »

Stock Chart Analysis GRA

W.R. Grace & Co. (Public, NYSE:GRA)

GRA has been consolidating a recent breakout in a very tight channel. It appears that it is ready to move out of the channel, as it had a nice move today on increasing volume. While it may be safer to wait for a little pullback, buying here still offers a decent 3 to 1 risk if the recent highs are targeted and the recent low is used as a stop. It could go beyond that of course.

Good Trading,


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