| | 99 Cents Only Stores support | resistance | research
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Stock : NDN |
| Stock Recommendations : Buy |
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| Sector : Retail |
| First Resistance : 15.00 |
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| Stock Name : 99 Cents Only Stores |
| Second Resistance : 15.95 |
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| Buy Near : 12.20 |
| Third Resistance : 16.24 |
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| StopLoss : 9.00 |
| First Support : 12.20 |
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| Posted date : 11/1/2008 12:00:00 AM |
| Second Support : 9.41 |
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99 Cents Only Stores (NDN) stock given a nice cup and handle breakout on 10/31/08 with good volume and upside flag breakout on 10/28/08, In the June quarter it loose $0.06 with raising sell due to theft in store after that company take a action and that result
reflected in August result, In this quarter expected it give better result due to theft under control and In weak economy majority people like to go shopping like this store. Again many technical indicators also have given a buy signal, with rising moving average weekly and daily stochastic given a buy signal and ADX also given a buy signal. 99 Cents Only Stores (NDN) CEO Eric Schiffer said they plan to increase the maximum price for merchandise by one full penny to 99.99 cents from 99 cents. As per technical indicator analysis this stock looks good candidate for portfolio investment and also for day trading, stock investing, trend trading | swing trading. Due to stock market and economic condition keep tight stop loss on all position. Buy with our first target $15.05 and keep stop loss $9.35
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