Thursday, February 21, 2008

Gander Mountain Breaks Out

Gander Mountain broke above heavy resistance today on decent volume.
Not superb volume, but decent.
There are a couple of options here as to how to play this.

1. Buy half your position in this area and wait to but the second half if and when the stock comes back to the trendline and tests.

2. Conservative investors can wait until it pulls back to the trendline and has a successful test before putting a line together,

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