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Tuesday, July 12, 2011

IPSU

Usually when I post a breakout chart I try to pick them apart and see what's wrong with them, but I don't have much to complain about with IPSU. Short term the volume is declining, but still well over the 6 month average and will probably increase again on the next earnings report. I would have liked to see price relative break out before price, but that is pretty minor as well. the biggest problem is a high and rising ATR line before the breakout, but when you get the kind of increase in volume this got since May, you will get increased volatility.

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