Monday, March 12, 2007

Strange trade with Gateway (GTW)

Check out this bottom feeding target. Gateway Inc. is a washed-up old computer sales company that I didn't even know existed anymore. I came across it in a technical screen and it actually has a nice setup.

First, the weekly broke a solid downtrend.

Second, the daily just broke out of a symmetric triangle pattern. I think I'll give it a shot.

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