Arotech Corporation (NASDAQ:ARTX) spiked 14 cents, or 7.8% Friday to 1.93, breaking out of a base on good volume and could be ready to run again. A break of $2, which appears highly probable at this point will trigger a buy stop entry for a trade to the 2.1-2.24 area. Initial stop loss will be in the 1.75 area. The technical daily chart above shows the stock is back to rally as %K line is above %D line with MACD also back above signal line. The rising RSI should continue to carry the rally.
Stocks to Watch for October 07, 2013
Arotech Corporation (NASDAQ:ARTX) - Explosive upside ahead ?
Started by
Costa
, Oct 05 2013 03:58 AM
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#1
Posted 05 October 2013 - 03:58 AM
Costa
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