UNT Blue Skies

By Johns Wu on Dec 11, 2005

Nothing came up on my ascending triangle scan this weekend. UNT came up, but it’s not really an ascending triangle.

It is seeing blue skies though, as it has broken out of a triple top chart pattern. $56 is now a strong support.

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This entry was posted on Sunday, December 11th, 2005 at 6:21 pm and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.

3 Responses to “UNT Blue Skies”

By stock jock on December 11th, 2005 at 6:34 pm

great pick!

have you seen the PEG ratio and debt/equity on this stock?

Both of them are abysmally low — furthermore, UNT has very healthy margins.

In other words, this stock is under-rated and bound to edge higher. The only worry I have is that triple top you pointed out — nevertheless, it’s not everyday you see stocks break out like that. That’s a good sign.

A bunch of analysts just raised their estimates in UNT, too.

Just wait until Wall Street wakes up.

By Anonymous on December 12th, 2005 at 12:16 pm

Why is this not an ascending triangle?

By JWU on December 17th, 2005 at 4:13 pm

hmm… well i guess you can call it an ascending triangle