SMN Update
- Posted by UpsideTrader
- on November 4th, 2008
This chart of SMN I posted on October 23. I alerted readers to a possible blast through $110 but also warned that it could be a blow off top. A great call in retrospect.
The etf is now about 50 points off that top and I believe it is very oversold. The 50 day ma support comes in around $60. I will be watching this one closely.
Follow @upsidetraderThe information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
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