Featured Chart: Movado (MOV)

Featured Chart: Movado (MOV)

Published June 1st, 2006 in Trading Tags: daytrading, MOV, Movado.

If you had any sort of volatility, volume or trade-number based filter, MOV should have lit up like a Christmas tree:

Things were off to a rocking start in the morning as it gapped up on massive volume. There was a bit of a pause at the second bar which left price at the top end of the first 10 minute candle. The third candle took price again to the high of the morning opening range. From there it expanded almost without any real pause or pull back, all the way to close at the high of the day.

I’d watch this one for potential follow through tomorrow.

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daytrading, MOV, Movado

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1 Follow Through: Movado (MOV) at Trader’s Narrative Pingback on Jun 5th, 2006 at 6:47 am

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