Wednesday, May 1, 2013

SPY Possible Breakout

Again, this stock is a little out of my general price range but it is still a good chart to learn from.
As you can see it has had a pretty solid uptrend all year.
As you see it closed at at an all time high yesterday and got past $160 in pre-market today.
I think that this stock could definitely break out to new heights.
We may get a dip after another 160 test if so that is your entry.
Good Luck