Stock Chart Analysis ASCA

Posted by downtowntrader | 7/15/2007 07:09:00 PM | 0 comments »

Stock Chart Analysis ASCA

Ameristar Casinos, Inc. (Public, NASDAQ:ASCA)

Casinos are starting to look good again and ASCA just hit all time highs. I highlighted ASCA in May and boy did I miss a good entry. It looks like it is setting up for a another entry though, as this is a pretty orderly pullback to the 20 day sma after the breakout. I am watching for a nice candle pattern to emerge confirming the 20 day sma as support.

Good Trading,


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