Tuesday, June 26, 2007

Ford Tests Breakout, OXPS still OK

Three quick issues to cover...

Ford has come back to test its breakout point. It reached a low of 8.95 this morning but I suspect that will be about all. There looks to be much upside ahead.

OXPS, a stock I recommended not too long ago, did not find support on its 200 sma but instead is reaching to its 50 sma. I would stay long if you bought earlier and would buy more as it reaches its 200. If it breaks the 200 sma, cut your losses and get out.

Thats all for now.

CM

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