28 May 2009

W.R. Grace - A Potential Trade

One short idea from Tim Knight's Slope of Hope caught my attention this evening, the corporate star of A Civil Action, W.R. Grace:

I'm more comfortable with Stockcharts.com's charts, so here's an annotated daily chart of GRA:

And here's a compelling weekly chart, replete with how I'm considering entering into a GRA trade:

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