EDGE TRADER

Thursday, December 29, 2005

CUTR


I'm working on a day trade in CUTR right now (see chart).

This caught my eye with the big uptick in buying volume at the 24.75 level; indicating lots of buyer support at that price. It ran up, slid back and again made an upwards move. On the level II screen there were some large sell orders, that looked as if (once exhausted) the stock had some room to move up.

Today is a low volume day and it appears that there just weren't any buyers at around 11:30 in this security, but the opening range was strong; in the 25.70-25.90 area.

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