|Day Low/High||10.30 / 10.83|
|52 Wk Low/High||8.62 / 25.25|
The momentum is too strong to sell but most stocks are too extended to buy.
I'm not looking for this market to suddenly reverse to the downside unless it is hit with some surprise news.
We should be trading this kind of action, rather than making big market direction calls.
This bullish trade in the online/mobile payment firm allows time for the setup to play out.
The ING IPO looks good, but Cyprus-based QIWI can be passed according to IPO Desktop President Francis Gaskins.