Stalking LIZ for a snapback

I hope the Cops aren’t watching me!

There was a big gap down Friday on Liz Claiborne as noted in the chart above on huge volume. Normally this is not good news but it may be overdone. The price activity within the daily candle is quite bullish, closing higher on the day. The Relative Strength Index is in the oversold area. Look for a confirmation that the sell off is done, by a print above 6.00, and then ride up with a tight stop. If it does not print over 6.00 do not touch yet.

Trade well.

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus
Dragonfly Caps Blog