Thursday, 30 June 2011

Stock buy: PVA

I initiated a short term buy in PVA, this stock has broken its 52 weeks low, and is approaching the bottom of its downward channel. Sentiment wise it has a large short open Interest, with it taking 8 days to fully cover, which could help push this slightly higher on any push up.
Looking to get out this quickly whether right or wrong.

Entry: 13.25
Target:13.50
Stop:13.00

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