Stock Chart XTLB

Posted by downtowntrader | 6/30/2008 08:51:00 PM | 0 comments »

Stock Chart Analysis XTLB

XTL Biopharmaceuticals Ltd. (ADR) (Public, NASDAQ:XTLB)

When you look in the textbook for what a symmetrical triangle looks like, this is what you see. There's a lot to like here on this chart. I like how XTLB reclaimed the 200 day sma and based in an orderly fashion as the ma rounded into form. It also has been building a healthy base as the overall markets correct. Today's breakout also came with the support of expanding volume and could ignite a move to new highs. Take care if you choose to trade this stock, as the volume is relatively thin, but if the markets get the snap back rally I've been expecting, then XTLB may be a nice play.

Good Trading,


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