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ARRS crossing resistance

By David Randolph · April 29, 2005 · 1 min read · 144 views

Arris Group Inc.. The Group's principal activities are to develop and supply equipment and technology for cable system operators and other broadband service providers. The all history chart is this:

ARRS yesterday, on a bear ugly market, opened higher and continued higher, to close above a resistance at $7.26:

This was a demonstration of power by the bulls on this stock. I will join the tide and buy, expecting higher prices.

Trading Plan:

1) Buy at the open
2) Sell with a loss if ARRS closes below the ascending trendline
3) Keep monitoring the price to know when to sell with a profit, possibly only when that ascending trendline is broken.

David Randolph
www.3stocksonfire.org

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ARRS crossing resistance

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