Wednesday, May 7, 2008

LXU - Take Profits

Exit any remaining position you may currently have in LXU.

It has rewarded us very nicely in a short period of time and today formed an exhaustion
pattern with an attempted push sharply higher only to have strong selling pressure push it lower, but up on the day. We also got a sell signal on the stochastics.

The price pattern we saw today may very well give one more push higher in the morning, so use this to your advantage.

Based upon what the price does from here we may very well get back into the stock. In the meantime take your profits.

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