[Entering Position in Ivanhoe Energy (IVAN)]
Dear Member:
Ivanhoe Energy (IVAN) is showing some strength on a breakout with high volume. MACD has turned positive and DMI is positive as well. Initial exit if the play turns south is about 30-35 cents away. I am placing an order to buy shares of IVAN at a limit of $2.01 for the day.
DISCLOSURE: At the time of publication, I have no position in IVAN.
Sincerely,
Bill Kraft
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