Stock Chart Analysis SXE

Posted by downtowntrader | 4/02/2008 10:08:00 PM | 0 comments »

Stock Chart Analysis SXE

Stanley, Inc. (Public, NYSE:SXE)

SXE is a recently listed company with only a year and a half of public trading. It's been a good performer since inception with over a 100% move from IPO to all time high. It entered into a correction late last year along with the markets and may be ready to resume the prior trend at a point where the markets may help the ascent. It cleared the down trend channel it was following and is currently trading in a tight range which should lead to an impulse move once it's cleared. Of course it could head lower so longer term traders may prefer to wait for a close above $30.50 or so.

Good Trading,


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