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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,406 Blog Posts

STP: Buy the Strength

RaginCajun Thu Nov 19, 2009 12:50pm EST 8 Comments

Suntech Power Holdings Co., Ltd. (ADR) [[STP]] is bucking the trend this morning and has now cleared every moving average after breaking out of its descending wedge pattern:

stp

Earnings were good this morning, the chart looks great and has a lot of free air in it, I’d like to think this one is going higher.

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8 comments

  1. DPeezy
    DPeezy
    November 19, 2009 at 1:22 pm

    Indeud. Love the STP. Also pulling me back into the hunt for the “Stock of the Year” contest. Although Market Monk’s TSL is ridonkulous.

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  2. RaginCajun
    RaginCajun
    November 19, 2009 at 1:47 pm

    CSIQ running

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  3. schmooks
    schmooks
    November 19, 2009 at 1:56 pm

    Rage,
    I know you posted JASO yesterday, but it looks like a coiled spring right now, no?

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  4. RaginCajun
    RaginCajun
    November 19, 2009 at 2:16 pm

    STP = BTFO

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  5. rajusus
    rajusus
    November 19, 2009 at 3:08 pm

    Hi Ragin ,

    One of your previous pick PCBC is @ 0.90 cents , do you think it is a buy at this point ??

    thanks

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  6. Diamond Jim Brady
    Diamond Jim Brady
    November 19, 2009 at 3:13 pm

    STP – I’m in, like the BTFO over all the MA. Nice.

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