OXPS Breakdown
By Johns Wu on Jun 24, 2006
OXPS, optionsXpress Holdings Inc., was looking like a real winner a few months ago.
However, the trend seems to have changed on OXPS. After a brutal gapdown, OXPS has been making lower highs.
On Friday, OXPS stock broke down below a consolidatory support. Look for followthrough on Monday to see if this breakdown is valid.
This entry was posted on Saturday, June 24th, 2006 at 4:14 pm and is filed under Annotated Analysis.
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you’re dead right. For along time, this was a little known stock that was making fresh highs daily. Lately, though, the stock has been featured in mainstream publications like Kiplingers and so forth — this has probably forced many holders to call a top, sell, + take profits, which makes sense given the fact that the stock has been on a tear ever since INVESTORS BUSINESS DAILY brought it to light.