[Buying Abaxis (ABAX)/Day Order/Limit $22.85]
Dear Member:
I am placing an order to buy Abaxis (ABAX) at a limit of $22.85. The stock has been moving up nicely, is above the weekly trend and has just bounced up in the vicinity of and above the daily trend. The only thing I'm not crazy about is average daily volume which is a little light for my taste, trading a daily average of only 150,000 or so. Of course, that can add to volatility. Initial exit would be on a close below $22.00
DISCLOSURE: At the time of publication, I have no position in ABAX.
Sincerely,
Bill Kraft
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