July 21, 2008

EXAC - Darvas box trade

EXAC - Nasdaq.  Exactech Inc has formed a Darvas box at a brand new high following a large change in trading volume.  This stock is showing rising on-balance volume since the start of the year, which suggests accumulation.  A breakout of the top of the box would signal an entry into the stock.  A protective stoploss should be placed just under the 28.91 low, and trailed up as the trade unfolds.

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