Monday, April 30, 2007

Collective2: EVC out

Entravision Communications (EVC): Unfortunate break of 3-week support after the stock had initially managed to break $10.25 resistance. Stochastics had weakened through the 3-week consolidation and are not oversold enough to suggest the downside is done. The 50-day MA is looking like a logical support level. The 600 share lot closed for a +$612 (12%) profit.