Monday, April 23, 2007

You Don't Know JAKK

JAKK features a setup that I've come to love: A challenge of a horizontal resistance line and 52 week highs. Any fan of Darvas will probably love this setup as well.

A stop below 24.50 will cost a point if it is hit, but is well out of the range of the ATR- currently running at .65 cents.

More aggressive traders looking to play any momenmtum tomorrow will probably want a stop around $25.10

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