[Opening Position in Cano Petroleum (CFW)]
Dear Member:
Cano Petroleum (CFW)moved up on above average volume yesterday and is up again today. Stochastics have turned over and the stock is just above the weekly trend line. I like the stock for entry with a limit of $6. In the event the play turns against me, my initial exit would be set at $5.45.
DISCLOSURE: At the time of publication, I have no position in CFW.
Sincerely,
Bill Kraft
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