Wednesday, May 30, 2007

Some volume change scan results - SHOE/HED/SCOX

SHOE 2.34, will watch it closely today, see if selling is stopped on volume, trend reversal, or selling resumes. Close above $2.51 will signal a trend reversal.

http://www3.stockfetcher.com/sfchart/422902744.png

http://charts.dacharts.com/2007-05-30/smallk07.png

HED 4.09, possible continuation pattern.

http://www3.stockfetcher.com/sfchart/11772574.png

SCOX: $1.44 - volume exploded, candle formation is bearish, selling pressure kicked in, bagholders couldn't wait to get out. If it goes green today, possible a trend reversal, otherwise, it is just another NADDAQ pump/dump.

http://www3.stockfetcher.com/sfchart/621018190.png

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