Western Un Co – Buy

26. März 2015

Western Un Co finally closed the 1,680-1,920 gap that arose in November 2013. The name has already retraced to the upper bound of the gap and failed to break through the support level. Investors are advised to open long positions with a 22 target, the next key resistance level. Stop-limit orders should be placed near the 18.75 mark, beyond the bound of the gap it broke through. Given the previous upward movement, this equity play is likely to head north quite rapidly.
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