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Friday, February 18, 2011

TTGT

TTGT was among the top of the new highs list in relative volume, and you an see it was huge on a relative basis, but the close was well below the high of the day, indicating a rush of profit taking. It's pretty impressive how it opened this morning just pennies above the breakout point, and how well in general this has played the pivot points. Price relative is a little weak, and ATR was rising beofre the breakout, so i suspect there was not accululation going on in anticipation of good earnings. This may go highr from here, but it is a low probability trade.

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