Friday, January 14, 2011

Would have bought EPU at $46.10...

... if I had cash available, but I'm still waiting for the last sale to be settled. Target would have been 48.07 (the 38.2% retracement of the latest slide).


1/18/11 update: today EPU closed at 47.10, for a 2.17% gain.  It's still not oversold enough, with RSI(2) below 70 and RSI(4) below 55, so I would have held it for another day.

1/27/11 update: today EPU closed at 48.39, which would have been a 4.96% gain over the original 46.10. Something must have happened because today volume was 6 times the average.

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