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Thursday, March 4, 2010


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.

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