|Sent on:||Friday, July 30, 2010 11:49 AM|
Right now, the pivot is[masked] or 41.08 for a breakout from a cup without handle base. If it forms a proper handle that changes the pivot. On the other hand, if it sells off back into the base the pivot may change. The news reported yesterday that this stock would replace another one in the S&P 600 index so all those mutual funds that try to mirror that index will have to buy it. Around the time of that change, one will see funds buying. The recent runup in price may be related to the news. The current base has multiple technical problems currently.