Stock Chart Analysis DWSN

Posted by downtowntrader | 10/31/2007 10:14:00 PM | 0 comments »

Stock Chart Analysis DWSN

Dawson Geophysical Company (Public, NASDAQ:DWSN)

DWSN has been a very solid performer over the past year, and they recently stepped it up with a strong move from August through September. The move was sparked off by a high volume gap and it's never come close to filling the gap. It is in the process of consolidating, forming a triangle that looks pretty orderly. As I've mentioned in the past these are usually continuation patterns and DWSN is in a spot where a low risk entry can be had. Any move over 83 will probably lead to new highs.

Good Trading,


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