Possible buy on OVTI on tues. 9-6. Here are your numbers, go long at 17.70 stop at 16.65. If you get in this your target is 5-7% or 18.21-18.56 max 5 day hold. Dont buy in the first 1/2 hour no matter what. If this goes down and hits the stop price before a trade can be taken scrub the trade. If its past 10:00am and its below 17.70 the enter price you can put in a buy limit for 17.70 good for the day if you dont get triggered in the trade that day scrub the trade. Goodluck. Thats what I came up with when I scanned this stock for tues.
I realize that but just to give you an idea of how oversold this is consider this. On my pivot high calculator ths last pivot high was 8-25-11 at 26.53 with an avg range of 6.6% and 1.65. The suggested accummulation prices are buy point#1 is 22.10 and buy point #2 is 19.45. As you can see the price is well below #2 buy price so we are extreme oversold levels. It is a good time to look for a trade, short term of course.