Monday, April 30, 2012

Monday Morning Thread

Gator's Chart of the Day: RVBD
I opened a trade last week on the post earnings bounce.  It wasn't working and I dumped it but kept my eye on it.  Turns out I was not patient enough and bought it back as it started to show some life and I added as it continued to move up.

I'm looking for some gap fill. I don't expect it to head back to 25ish non-stop but I do like the 23 level to offer resistance and will likely be out of most or all of my calls before it hits that level.