Stock Chart Analysis JST

Posted by downtowntrader | 7/01/2007 10:38:00 PM | 0 comments »

Stock Chart Analysis JST

Jinpan International Limited (Public, AMEX:JST)

I mentioned JST as possibly bottoming in early June and it looks like it successfully held the 200 day sma as support. It traded up over 10% from where I mentioned it, but more importantly, it hasn't really given back too much in the recent market weakness. It is trading pretty tightly here, just over the 20 day sma. It looks like it will resume it's attempt at 23.07 shortly, and this make for another decent risk vs reward situation. Again, this is a very low float stock, so care is in order.

Good Trading,


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