Charts Tell the Tale – Help Beat the S&P 500 by Four Folds -Impax Laboratories, NetSuites


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NASDAQ:IPXL / NYSE:N
09/19/2012 [ACCESSWIRE]

(Austin, Texas). A stock chart is more than a history of price versus time. It could explain the psychology of investors in that stock, company related events, and much more. An experienced and seasoned investor can look at a stock chart, and with certain accuracy, predict how the price would behave in the future. In fact, many of the large Wall Street firms have dedicated groups of individuals that make a nice living by studying stock charts. Tradista also has chart readers who share their knowledge with its readers. Based on chart patters, Tradista recently made the following suggestions:


An August $22.5 Call Option was recommended on Impax Laboratories (NASDAQ: IPXL) , the secialty pharmaceutical company, at $1.60 on August 6th. At the time, the stock was trading at $23.95. IPXL chart had formed a “bullish flag” and Tradista chart readers predicted higher prices for the stock. Ten days later, the stock popped pushing the value of the recommended call option to $1.80. The position was closed with a solid return of 12.5%. See http://www.tradista.com/Picks/OptionPickDetail?optionPickId=31 for details of the selection.


On August 20, 2012, NetSuite (NYSE:N), the financial software maker, was recommended at $56.40. Shares had formed a bullish "flag" and were consolidating in that formation. On September 13, 2012, the position was closed at $62.45, after shares broke out of the formation for a solid gain of 11%



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