Monday, December 17, 2007
Get Ready to Buy AUXL and AGN
I would go ahead and buy AUXL right here as it sits on its middle bollinger band. It has been in a steady upward trend that could easily continue from here. However, if it 27.50 or so, I'd stop out.
AGN looks to be coming down to its 200 sma which should provide a great entry point into this stock. As you can see in the chart, AGN has found support near or at its 200 sma plenty of times in the near past and is likely to do so again this time. I'd look to get in right around the moving average and give it a little cushion (3-4% below) to recover before stopping out.
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