Momentum Alerts 08/27/2009
Aug 27th, 2009 by beststockreport
August 26, 2009
Traders,
After good housing numbers today the market rallied off its lows and closed today green. Even with all the good economic news of late we at MomentumTrades.com feel this is starting to get over played and the market is due for a major dip and caution investors not to fall into any market traps.
August 27, 2009 Alerts:
SPNG – Today was the second day in a row for SPNG’s most recent move. We feel a break back above $.20 will push SPNG to new highs and we will be looking for a break of possibly $.30 from these levels.
FRP – After a solid day today, FRP had a strong close right near its high of day and we feel this could help allow FRP to continue its move going into tomorrow and feel $.85 is next major resistance.
CVM – Another bio stock on the move today CVM. CVM has the potential to breakout above the $.70 mark and possibly touch the upper $.80 area in the coming days.
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