It’s hard to find a buy candidate when you are expecting a pullback in the general market but this is one that is showing enough positive signals to warrant a long position in the stock. The price action on Thursday closed with a bullish engulfing pattern on strong volume which suggests the buyers are moving in. This bullish engulfing pattern also showed up on a key role reversal support line which makes even more attractive.
Equity Oracle: 08/31/2012
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