Site Meter The Lawyer Trader: Interesting Activity in Forestar Group

Friday, January 23, 2009

Interesting Activity in Forestar Group

There is some nice price action going on with Forestar, one of the stocks on my current watch list. It gapped up through resistance this morning and is currently holding a whopping 21% gain. This is certainly a stock worth keeping a close eye on because it will most likely offer a couple of good trading opportunities. Here's the daily chart with some annotations.
On a different note, gold is continuing its rally and the dollar continues to gain on the Euro...it will be interesting to see how low the Eur/Usd pair will go.

Good luck out there.

TLT

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