STP’s Reverse

As mentioned previously, STP’s H&S was showing plenty of signs for a dive and I called for a reversal.  Friday’s market confirmed it.  While many of the industry’s stock fell, STP took one of the bigger hits.  Difficult to read the next move, so we’ll need to see how the industry recovers and then take it from there.

Advertisements
Tags: ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: