Stock Chart Analysis GROW

Posted by downtowntrader | 6/01/2007 02:12:00 PM | 0 comments »

Stock Chart Analysis GROW

U.S. Global Investors, Inc. (Public, NASDAQ:GROW)

GROW looks like it is trying to put in a W bottom here after reacting negatively to earnings. The stock was setting up for a breakout before said earnings, and could be on it's way to challenge the recent highs. This is a stock I've been following for a while, and while this could be a fake out, the fact that it is trying to bottom near the 200 day sma gives it more credibility. This probably has ample overhead supply to work through, but an important bottom may be in. Please do your own DD.

Good Trading,


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