chartsmaster

Drop or Pop!

Panjang
NYSE:XON   None
Monday, I posted to Buy XON under 13. The chart is very "tight and quiet". I have mentioned this setup in a number of my buy recommendations. Not only is this almost always a precursor to a major move, but when the stock has been building a base after a very bad year, hugging the 50 day mvga and well below the 200 day, the odds favor the upside breakout. Earnings are released after tomorrow's close. I look for a fast move to 16-17. Possibly, by Friday's close for those so inclined to speculate on call options. BUY! Chartsmaster

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