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Charts, Stock Picks, and Technical Analysis from an Online Stock Trading Veteran

June 25, 2008

DIG 135 Target

Filed under: Stock Picks — Online Stock Trading @ 8:18 am

I sold my overnight DIG hold for a point near 119.5 on the little pop higher this morning. Oil inventory numbers have taken this ETF back below it’s 50 dma as I write this. DIG currently trades at 113.5. I think it’s a fakeout shakeout move, and will be looking for long entries on the 15, and 60-minute charts. Target 135. Stop 108-110.

dig-062508.jpg

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