QH : Buy if it dips to 2.06 or so
March 6, 2011 Leave a comment
Like a good number of property stocks Friday was a good day, and QH’s chart looks better than it has for quite a few weeks.
Closing at 2.14, its 100 and 200 day EMA’s stand at 2.16 and 2.19, and we doubt they’ll be taken out on Monday. Instead we think the stock will come back top 2.05-2.06 or so, possibly a spread higher, and at such prices consider entry, with a swing trade target to 2.24-2.26. As has been the case for a while, stop out if it heads below 2