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18-Mar-08

ATI

Watchlist Idea for ATI.

Another shorting opportunity. ATI looks like it will test resistance at 85. If/when it fails, look to short with a downside target of around $30. Targets are dodgy to say the least. So look to take profits following sharp sell-offs. Or better yet, trail your stop and hold for as long as possible. Then look to take profits when you believe the market is set for a rally, but not until late in the year.

Tagged Stocks: ATI

 

Posted at 17:37 in Watchlist Ideas  |   Permalink  |   Comments ()     |  Top

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