Trade Signal APSG_101309

Buy trading signal triggered on ASPG on October 13, 2009**.


APSG- Buy signal triggered on APSG on October 13, 2009*
Trading signal for 5 minute price bars
Buy price: $21.50
Sell stop price: $21.20
Short term profit level: $22.02 LEVEL HIT – October 14, 2009
Long term profit level: $22.52 LEVEL HIT – October 15, 2009
Current Google® Finance Quote


Trading Signal Buy Chart


Trading Signal Short Term Profit Chart


Trading Signal Long Term Profit Chart

APSG made a quick move right off the open to our first profit level on October 14, 2009, then steadily climbed with strong trading action. In after hours action the stock traded up over 23.00, why was this? Jim Cramer highlighted the stock along with an interview with its CEO. A larger time frame Elliott wave may be in play. Manage the trade as you would any other.

On the open, October 15, 2009, APSG opening price was 22.97 and traded to a high of 23.91. This stock made you more than your 5 minute trading time frame profit level even if you had the order to sell in. However, trade according to your trading time frame.

As of today the 15 minute MACD has crossed and there is strong divergence in the 5 minute and 1 minute MACD. If you have decided to not sell within todays trading range, I would watch the 30 minute MACD cross. This stock could easily head back to 22.00 before showing support. Currently the stocks daily chart is in a downtrend channel making lower highs and lower lows. This most recent high is near the top of this channel for daily and monthly technical charts. The stock would have to trade with strong volume out of this trend above the 27.00 level to break this trading trend line.

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