Friday, November 12, 2010

Trade - Initiate NYX position

Bought two lots of NYXE on down market day with an average cost of $29.03.

Fundamentally - book value of $26.36 provides a good floor, forward pe of 10 seems attractive, nearly 4% div. Trading volume assumed to increase as traders/investors adjust end of year positions.

Technically - Support at 200dma 0f $28.8, chart level support around $28, and BV of $26.36. Also near bottom of KC.

Best Case: $34
Most Likely Case: return to over $30

No comments:

Post a Comment