Wednesday, December 19, 2007
Buy WMI at Support; Short if Breaks Down
Although WMI is looking a bit toppy, I still think it has a good bounce left in it before it might bite the dust. Look at the chart. You can see that recently it has found good support at 32 and has come off strong each time for a good sized gain. I would look to get long the stock at this support level and stop out and possibly short if it becomes weak and goes a few percent or so below.
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