[Entering Position in Aspect Medical Systems (ASPM)]
Dear Member:
Aspect Medical Systems (ASPM)has broken above the 18 day EMA on relatively strong volume. DMI and MACD are both positive. I like the stock, but it trades relatively lightly (avg vol around 92,000 withtoday's over 135,000) and has a fairly high P/E (around 66 looking forward). For those reasons, I will only take a small position and am placing a limit order to buy at $16.05 or better.
DISCLOSURE: At the time of publication, I have no position in ASPM.
Sincerely,
Bill Kraft
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