Here’s one I missed, but which the Ultimate Trader would have grabbed. I lost track of Business Objects (Nasdaq: BOBJ) in the morning when I thought it was trading sloppy, and in the wrong direction. Of course, in the afternoon the overall markets started heading north yet again. I’ve circled the obvious consolidation area, which played nice with the 5MA. Even if you are too squeamish to play that break, the OR high was just a little above it, and still provided a nice tight stop.
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| BOBJ |  |  |  |
