This is actually writtenÂ yesterday (08/21/2006) but only posted today. Here is the first chart I post. The chart is for UNTÂ and was picked up in Worden’s TC using a triple-screen setup which involves Elder’s Force Index. UNT has been on a long uptrend since early 2005.
Late July, UNT broke through a short-term downtrend.
At the moment, UNC looks pretty attractive. It is trading nears right on its 13-day EMA and the OBV is trending up. Today, it traded rightÂ through yesterday’s high. Using channels, I would target 61 on a swing trade, with a stop near 54.
Charts provided courtesy of TeleChart, by Worden Brothers, Inc. – www.worden.com