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Stock Pick of the Day-Diamonds Trust
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Jul 03, 2009

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Larry Swing

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Stock of the Day – Diamonds Trust (DIA)

Close – 82.99

Strategy – Short

Profit booking – $77-$78

MACD – -0.22

RSI – 28.16

 

The stock is facing strong resistance at current levels. The stock is forming a Head & Shoulders pattern which is a very bearish sign. Currently the stock is facing strong resistance $83-$84 levels. One can short the stock at current levels and expect to book profit around $77-78 levels.


...thanks for the trust you've shown in me and my business.

by
Larry Swing
larry@mrswing.com
May the swing be with you...

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DIA
C:128.7100

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