Aeropostale Inc (ARO) founded in 1987 headquartered in New York, New York, operates as a mall based retailer of casual apparel and accessories for teenagers. If you pull up a daily chart of ARO, you will notice that it has formed a perfect cup and handle. It took about 52 days to form a cup and about 14 days to form the handle, on November 5, 2010 the handle broke the down trend is in uptrend since then. As you can see in the chart, I drew four support lines below the current price and … [Read more...]
Stocks To Watch: Thursday March 11, 2010
March 10, 2010 By Leave a Comment
IMAX Corporation (IMAX): Market is expecting a profit of 7 cents a share for the quarter ended December 2009, a jump of 28 cents a share compared to its actual loss of 21 cents a share in the same quarter a year ago. The company posted a loss of 6 cents in the quarter ended March 2009, a profit of 5 cents in the quarter ended June 2009, and a profit of 2 cents in the quarter ended September 2009. Shares are currently trading at $15.88 with an average volume of 1.37 million shares per trading … [Read more...]
