July 9, 2008
DR -NYSE. Darwin Professional Underwriters Inc. This stock has formed a Darvas Box in blue sky following a large expansion in volume and is beginning to trend. Another example of a setup Nicolas Darvas discusses in his famous book, ‘How I Made 2 Million Dollars in the Stockmarket’. On-Balance Volume (OBV) has been rising since the start of the year showing us that the buyers are in control of the stock. A breakout into fresh new highs would no doubt signal an entry into DR. Protective stops should be placed as the Darvas Method tells us, that is a tick or two under the $30.00 low. Hold for upside on trailing stop.
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