SUTR closed @ 6.28
This afternoon, I said i was likely gonna post about this stock when it was trading under $6. Today the stock broke out of a multi-month ascending triangle, on large volume. The last two months, looking at the weekly chart, we see large volume on green days and lower volume on the red days. This is a very positive sign that the stock is most likely headed higher. Also, look at the daily chart and you see an inverted head-n-shoulders formation that started in February. The neckline is essentially broken. SUTR chart
SUTR should go higher tomorrow.
As stated already, i do not own a position and i don't plan to. I don't usually play stocks below $30 any more. Stocks above $50 is where i enjoy playin', because they offer less risk and also allows me to put more money into them.
Good luck!
buy this risky stock
This afternoon, I said i was likely gonna post about this stock when it was trading under $6. Today the stock broke out of a multi-month ascending triangle, on large volume. The last two months, looking at the weekly chart, we see large volume on green days and lower volume on the red days. This is a very positive sign that the stock is most likely headed higher. Also, look at the daily chart and you see an inverted head-n-shoulders formation that started in February. The neckline is essentially broken. SUTR chart
SUTR should go higher tomorrow.
As stated already, i do not own a position and i don't plan to. I don't usually play stocks below $30 any more. Stocks above $50 is where i enjoy playin', because they offer less risk and also allows me to put more money into them.
Good luck!
buy this risky stock
