SIAL New Highs
By Johns Wu on Jun 18, 2006
While most stocks in the market have been making new lows, SIAL, Sigma-Aldrich Corp., has been making new highs.
The breakout to new highs has been confirmed on the OBV. I also like how SIAL has been respecting the 50DMA lately (during the short-term bear market). Also, I like the fact that the gap that SIAL made in mid-April has not been filled.
Stocks with weak demand will usually drift lower to fill gaps, but instead, SIAL made a runaway gap, which is a bullish sign.
This entry was posted on Sunday, June 18th, 2006 at 9:47 pm and is filed under Annotated Analysis.
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