WLT - Walter Industries
March 15, 2008 8:22 PM
I have no idea what WLT does specifically, and quite frankly do not care. I was perusing some charts and WLT appears to be rolling over here. Again, I am a little skeptical of most charts that say short because of the general market action on Friday…but this looks like it might be a legit rollover here.
If the stock was $59 in April, I would definately say take this stock short, but we aren’t in April…:o)
But WLT is a short at or around $60 with a hard stop above $61.20. It could try and reverse just above $56…so I would watch for that and personally if short, I would take profit in that range. If I owned this stock, I personally would definately sell it here.
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