Thursday, January 27, 2011

One to watch, Dr. Pepper


This should be interesting to follow in the next few weeks. The stock has been trading within narrowing range, and is now approaching the axis.  What is also interesting about this chart is how prices have been using the middle dotted line both as support and resistance, pushing through to favor the other side every so often.

I feel this may be a good opportunity for some profit towards the upside.

Krames
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