EK: Kodak, the Trade was Yesterday…

March 25, 2008 12:42 PM

EK was a buy yesterday for a trade. I am never a fan of chasing so would be more cautious today as it appears it may open above yesterdays high. If it was going to open below that high, I would say long in the $17.50 range… hard stop would be below $16.31.

Going forward, avoid the $20 area as it would need to clear $20.91 to be long in that range….