LXU attempted a break-out move through the top of the wedge, but was unable to sustain the momentum to get a close outside the pattern.
The last 3 days are looking quite bullish for the stock with each day seeing an uptick in volume.
Aggressive traders are already long the stock or call options.
Conservative traders should wait for the breakout and the ability of the stock to close outside the pattern.
Tuesday, April 29, 2008
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