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Tuesday, February 2, 2010

EGT BREAK OUT ALERT FEB 2ND




We believe shares of EGT are poised to break higher based on daily patterns. Stock completed standard 60 day pull back within an over all uptrend; completed at the 200 day moving average. Stock then went 15 days up and 15 days down to complete the next leg higher, this time holding at the 50 day. The bullish buys continue to pay up in price. Look for a run at the zero number .30 to finally break out towards the .40-50c level, giving us a double your money trade.

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