Tuesday, June 2, 2009

Double bottom patterns for Tuesday, June 02, 2009

Back to the grind, let's hunt for some nice double bottom stock patterns. Wishful thinking but let's give it a try. I mean there's got to be some nice ones out there in the NASDAQ and NYSE worlds.


Apollo Group Inc. (APOL). Subsidiaries include the University of Phoenix. Might be a bit late on this one. Average volume (3 months) is 4.8 million shares so the volume on the last 2 days is not that great. To be technical, this one is gonna meet resistance on the next trading day.


Corinthian Colleges, Inc. (COCO). Wow, another company in the educational sector. Who knew there was money to be made there? Again, it's a bit late to get in. Average volume is 2.1 million shares. The volume is not the greatest on the last 2 days.


ITT Educational Services, Inc. (ESI). And here comes another one (the whole educational services industry must be double bottoming out then). Average volume is 1.5 million shares for this one. Again, not much volume in the past 2 trading days. Expensive stock though, might have to look on what my options on call options are.

Can't believe those are the only double bottoms detected by my super duper program but that's the truth. I hope I did not royally screw up the list of symbols. Anyways, not particularly enthusiastic about those to be honest. I'll be back.