Monday, July 09, 2007

NYX bottoming?

This thing looks like it may finally be putting in some kind of bottom
(much to Cramer's delight). You saw big volume spikes on the way down
around 6/21. Then it churned through some volatile days and put in a
couple of dojis on low volume last week. Indecision.

Then on Friday it bust out 3% with volume 5% above avg. It has great
EPS and SMR ratings in IBD, but of course the RS and Acc/Dis ratings are
pathetic. Also, it's below the 50d, and the 50d is below the 200d.

Still, this might be a low-risk entry with a stop at Friday's open
price.

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