Stock Chart AFAM

Posted by downtowntrader | 9/28/2008 10:11:00 PM | 0 comments »

Stock Chart Analysis AFAM

Almost Family, Inc. (Public, NASDAQ:AFAM)

As regular readers know, I am a big fan of stocks close to their all time highs. This is because when a stock hits a new all time high, the only shareholders in pain are shorts. There are no long holders waiting to get out at breakeven, because they are all profitable. AFAM is pretty close to their all time highs, and whats impressive is that they haven't suffered at all through the current bear market. They had a nice move higher from April through August, and have been consolidating over the past two months. It looks like it is tracing out a small W bottom within a larger bull flag. I would think that if the markets rally at this point, that strong stocks like AFAM will lead the charge higher.

Good Trading,


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