I was watching KRA (Kraton Performance Polymers Inc.) since my IPO-scan two weeks ago (here). It showed up again on this weekend's scan and had what I was looking for:
1) an uptrending chart with controlled pullbacks,
2) no overhead resistance,
3) moving to new highs from a well-defined range,
4) a story about growth and innovation,
5) not in an index.
It offers a good risk-reward setup, I think. That's all I can ask for. Only time will tell how it turns out.
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Wednesday, July 28, 2010
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