October 16, 2011


Fallen leader testing the upper trend line with in this descending channel.



I am not sure if Friday's move would have been considered a pocket pivot. But it cleared its 10/21 day moving averages on its highest up volume since its IPO and with in it's sideways movement. Worth watching for a break out here.


Soaring thru its 10wk moving average, and approaching its 21/34wk moving averages. Worth eyeing and keeping on the radar to look for a pullback entry or flag.


Keeping this fallen leader on the watch list to see if it bottomed out and can bust out of this descending channel.