Monday, February 11, 2008

Trade Alert: UNG

UNG gaped up on the open this morning and we stayed away. With the stock just touching the 200 dma and the stochastics at 80 and rolling over there is no use in chasing it. This will be a great buy when the momentum is behind it again. See the chart

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ung&sid=0&o_symb=ung&x=0&y=0

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