Today I highlight a trade in a low priced stock which won’t be typical but I think the company is interesting enough and the chart bullish enough to warrant a mention. The company is Tucows.com and they are probably one of the the largest owners of virtual real estate (ie. domain names) in addition to providing internet services and downloadable software. Of the past several weeks, buyers have been stepping in with increasing vigor pusing the stock to its current levels which is right around resistance of the March 2005 highs. With the stock breaking out of a bullish triangle pattern today with volume that will come in at roughly 5x the daily average, it looks poised to ultimately break through to new multi year highs above 1.32.
Here’s a shorter term view:
..and the longer term view
Wow, I did not even know, that Tucows is a publicly traded company! 🙂 I’ll do a little DD, just for fun and maybe invest a couple of hundreds, because I liked them so much back then when I was writing for a computer magazine.
Yeah their IPO was way big in the prehistoric age of 1990!