amtek auto breakout?

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  #1  
Old 25th July 2004, 09:44 AM
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Default amtek auto breakout?



Amtek auto surged on huge volumes. something cooking there! Delivery vols shot up fr 32k to 399k. see attached chart.

Traderji your comments?

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  #2  
Old 25th July 2004, 03:37 PM
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Default Re: amtek auto breakout?

Good call tanewbie,

Amtek has indeed broken out on very BIG volumes.

One can BUY this stock with a stoploss at 510.00.

I personally do not trade this stock because it is very thinly traded.

One can look for a target of 700.00-750.00 (its previous top in May 2004).

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