IMH Oversold
By Johns Wu on Aug 25, 2005
IMH appears to be way oversold and has a rising RSI. The company has dealings with real estate, but other than that I'm not really sure about the specifics.
From the chart, it seems the stock has hit a bottom due to overselling and seems to be making a strong recovery with an increase in volume. If things go well tomorrow at opening, I plan on adding this stock to my portfolio for a quick short-term trade.
This entry was posted on Thursday, August 25th, 2005 at 8:43 am and is filed under Market News.
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