ITD : Outlook for Feb 21st
February 20, 2011 Leave a comment
As long as ITD holds above 3.70-3.72 there will be some chance of a rebound to or very near 4 over the near term.
Closing the week at 3.78, consider a speculative trade from the support noted above, with a stop at 3.66 or even a spread or two lower.
The counter has significant resistance at just 3.82 and 3.86, but a move past 3.86 will be a good sign, and one that a 4 handle might just be seen before long.