too late to enter APOG?

mesa613 · Joined: 12 Jan 2006 Posts: 78

The RSI hates it but the candlestick signals (which also bounced off the 20 dma) and upward curving oversold stochs seem to be supportive of a shorterm move up. Also wonder about the upside as it stalled at about $19.50 last month, but it was at least at a 5 year high (probably longer).

Any thoughts?

Harry · Joined: 11 Jun 2005 Posts: 128 Location: midwest

APOG looks to me like it may have a dollar or so in it. The r to r ratio is not good enough for me. I feel the down side risk is greater than the up side. I look for a minumin of 4 to 1 and I cannot see it in this one. No one really knows. If it breaks above 19.82 it will be at a seven year high with no resistance. Very Happy