Monday, July 12, 2010

APC breakout to continue?!?!?!

APC has had a big move from its bottom and is approaching its 50SMA and gap resistance.  If APC can break through this area, It can easily run to the 51's.  In addition, news on the BP oil spill cap will probably give it an extra push.  Might look to trades some calls on it tomorrow.

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