ISIG Momentum Stock Ascending Triangle
By Johns Wu on Sep 14, 2006
ISIG, Insignia Systems Inc., looks like a really strong stock with a lot of buying pressure. ISIG showed up on my momentum stock screener, which has turned out hot stocks in the past.
Insignia Systems, Inc. engages in the development and marketing of in-store advertising products, programs, and services to retailers and consumer packaged goods manufacturers in the United States and internationally.
Today, ISIG broke out of an ascending triangle stock chart pattern on strong volume. I will be keeping this stock on my watchlist tomorrow and next week for swing trade opportunities. “Buy high and seller higher.”
This entry was posted on Thursday, September 14th, 2006 at 6:11 pm and is filed under Annotated Analysis.
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I just recently checked in on ISIG. Looks like your breakout analysis was dead on. Unfortunately, the stock decided to head fake everyone.
It seems that more and more often I need to use a stop loss just under the new support on breakout and determine if there is a divergence in RSI when compared to price.
Good Investing,
–
Stephen
http://www.Jutiagroup.com