Wednesday, December 12, 2007
MSTR is a Buy; MKL Near Support
MSTR looks like it could continue to move higher. Even in the face of yesterday's action, it has remained strong and exhibited very strong price action. If you look at the chart you can see a bit of a triangle that the stock is now breaking out of. If it continues that breakout it could very well have up to around 112. I would be a buyer right here right now at 103.77 and stop out if it heads below 100.
MKL is coming down to support. It's simply a good play off of a technical level. I'd look to buy at 460 stop out below 452.
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