TTA : The close above 19 came sooner than expected
March 13, 2011 Leave a comment
Our last comment on TTA said we would get interested when it broke above 19, and the late week action saw just that and then some, with Friday’s volume the best so far this year. Fist support is now 19.20 then 19.05, with an hourly bar above 19.60 not only putting 20 in sight, but likely 20.40-2050.
If it comes off to the low 19’s, or even better, nearer major day chart support a 18.40-18.60, consider buying some for a move to 20 or so in the very near term. The stock’s 100 day SMA is at 20.47, and the 100 day volume weighted average at 20.89, so it will probably struggle to from 20.40 or so we think….but to there looks entirely possible.