August 8, 2008
STEI - Nasdaq. Stewart Enterprises, Inc. has formed a Darvas Box after breaking some long resistance dating back a number of years. Rising on-balance volume and recent volume activity suggest the buyers are very interested in this stock. Using the Darvas Method, a breakout of the top of the box would signal a technical entry into this stock. A protective stop loss should be placed with the broker just below the 8.50 low to protect the position.
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