ARIP : Worth a punt from 1.26 or so.
March 30, 2011 Leave a comment
ARIP has key near term support at 1.30, but there is a chance it will fall lower – to 1.26, maybe even 1.24.
The stock will be worth a quick look if it hits 1.26 very quickly on Thursday – for a rebound trade for 4 or 5 spreads. The stock has strong resistance at 1.40, so it’s worth to make a note or an alert at this price, because a breakout could be worth a follow buy trade – with a target for starters at 1.68-1.70