Stock Chart Analysis PFWD

Posted by downtowntrader | 5/24/2007 10:12:00 PM | 0 comments »

Stock Chart Analysis PFWD

Phase Forward Incorporated (Public, NASDAQ:PFWD)

I like to look for stocks that refuse to go down on negative days like today. PFWD had a breakaway gap yesterday on a huge surge in volume and today, it flat out refused to fill the gap despite the extremely negative day. It appears that it will try and clear resistance here and break out to all time highs. If tomorrow happens to be a positive day, then it could do it then.

Good Trading,


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