Friday, April 16, 2010
$IMAX - Sell Signal
IMAX has been a big winner in this rally. But it seems that there are quite a few offensive sell signals (click on chart to enlarge) that dictate that it is time to protect your profit. If you've recently entered the position, I'd be very vigilant with the stock. If you were lucky enough to have bought the stock early, you could try and hang on for a possible second climax move. But you'd probably be better off protecting yourself now, and re-entering later, since the second climax is not a sure thing and will need another few week to form.