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Sunday, March 9, 2008

IBD 100

I have had a lot of projects going on this weekend and haven't really had time to look at the IBD 100. Last week was a really bad week, the best gainer (BUCY) gaining only 6.8% and the biggest decliner (BOOM) losing 23.9%. Number one this week is POT. Loking at the daily chart you see a nice pullback (a "bull flag"), with relative strength increasing while price decreases. Notice the high volume selling recently, though, not an encouraging sign if you are looking for a breakout here.

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