Chart Request: Momenta Pharmaceuticals (MNTA)

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Here's MNTA's chart:


This is one of those charts I just love (not!) -- stuck between its 200 and 50-day moving averages. So it's intermediate term bearish and long(er) term bullish. Take your pick depending on your time frame...

1 Comment

This chart looks like a classic "blue ice failure" where it breaks the 50DMA, then approaches it from underneath usually more than a couple times. I scan for these and then short them with a stop near the 50DMA.

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Quoted

"Trying to trade during a losing streak is emotionally devastating. Trying to play "catch up" is lethal." ~ Ed Seykota
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This page contains a single entry by Michael published on December 4, 2005 6:56 PM.

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