Wednesday, February 29, 2012

Morning Thread - Leap Year Day

FULL DISCLOSURE I'M LONG




DCTH - Is showing a reversal and breakout after a prolonged period of consolidation or low volatility on the daily chart.  The 50dma shows the reversal quite well. It had been basing above the 200 dma and is now breaking out. Many of the financials have a similar chart except they have more of a double bottom.  This is a biotech so be advised.  




This is the weekly chart showing that there is a possibility for a decent move.



This is a 1 week 30 minute chart of DCTH going from a period of low volatility to higher volatility.  You can see my stop on a partial position just under today's low.  I will most likely end up moving my stop closer to $4.50.