Friday, January 27, 2006

Q up 11% since Last Month's Post

Regular readers of this blog may remember that I pointed out the beautiful head & shoulders pattern on Quest (symbol Q) back on December 8th. Well, the stock has performed very well since then - up 11% since my post. Let's revisit the chart and see how handsomely the price is moving up and away from its breakout:

I'll also mention (hat in hand....) that NTRI has gone to a new all-time high, rendering my recent suggestion of it as a short moot. As I mentioned in that post, any price above $46 should be taken as a stop-loss, which it has by now. It seems a very bullish analyst report has pushed the stock skyward. It's still below its ascending trendline, but the cold fact is that it's not breaking down at this time.

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