Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Thursday, March 4, 2010

DIVX

This is an interesting pattern in that it formed a cup and handle pattern with a severely down sloping handle that had a breakout point at the blue line. It tried a breakout but didn't get volume, and quickly failed, but then lapsed into a more proper handle, which it broke out of today. DIVX is a company that used to be a privately held company that distributed a codec that was widely used for pirating movies on the internet (at least that's what I've heard. I would never do anything like that, ahem). Now that they are publicly traded they are into a bit more respectable business.

No comments:

Google Analytics