Monday, March 4, 2013

SVU, Supervalu

SVU has been trading within a tight range for all of February, today it took a big jump to the upside. The only thing that doesn't absolutely tickle my pickle about this chart is that it closed well below it's high of the day. Still I love this chart and think it is very likely to continue its march toward $4.60. I'll stick my support price at $3.90, I'm in at $4.09 which means I'm risking 0.19 for a projected gain of 0.51 per share.

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