Stock Chart Analysis WIRE

Posted by downtowntrader | 6/11/2007 10:14:00 PM | 0 comments »

Stock Chart Analysis WIRE

Encore Wire Corporation (Public, NASDAQ:WIRE)

WIRE looks like it is itching to break out of this triangle it has formed. These are usually continuation patterns and I'm not seeing much in this chart to think it will break down here. There is some stiff resistance above, but WIRE could provide a decent trade before reaching it.

Good Trading,


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