May 23, 2008

ARBA - stock on the move

ARBA - Nasdaq. Ariba Inc. has formed a tight Darvas box entry at the 14.10 high formed on the 19th of May.  Recent expansions in Volume show an increasing buyer’s interest in the stock.  A breakout of the top of the box would signal an entry.  A tight Darvas stoploss should be placed just under 13.00 at the time of entry.

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