Altiris Inc (NASDAQ:ATRS) presents are fairly bullish
situation here. The stock is touching the up trend line after successfully
bouncing off the line to the upside 5 times
prior to this touch. One thing to note is the fact that ATRS tends to drop down
quickly, touch the line, then pop back up quickly. This time around, the stock
touched the trend line, mover slightly higher, then reversed and touched the
line again. The downside moves have occurred on slightly higher volume than usual which makes the trade a bit questionable.
Happy Trading,
Andy Swan
co-founder, DaytradeTeam
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