Stock Chart Analysis TK

Posted by downtowntrader | 7/18/2007 10:21:00 PM | 0 comments »

Stock Chart Analysis TK

Teekay Corporation (Public, NYSE:TK)

TK may still have some work to do before it is ready to move out, but it looks like it is bouncing off a clearly defined support level. This looks like a good place to initiate a starter position for those that like to scale in. It will probably struggle a bit as it hits the 50 sma in the 58's but we may of seen the low in late June.

Good Trading,


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