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too late to enter APOG?

 
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mesa613



Joined: 12 Jan 2006
Posts: 78

PostPosted: Thu Jan 18, 2007 3:19 am    Post subject: too late to enter APOG? Reply with quote

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?
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Harry



Joined: 11 Jun 2005
Posts: 128
Location: midwest

PostPosted: Thu Jan 18, 2007 9:17 am    Post subject: risk reward ratio not good Reply with quote

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
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