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URS Corporation Message Board

  • ChiTrader ChiTrader Apr 6, 2004 2:50 PM Flag

    A rarity: a post about URS

    Let me be the first person of the day to talk about the subject of this board. (sigh)

    Could be a major turning point here. If I was long I'd be very nervous today. Today URS has traded below it's recent low of $28.28. That means it has made a lower low for this move (bearish). If it closes below that low today, that will be even more bearish. Volume looks like it will be 3-4 times average volume today, another bearish factor. The next hint of support is at $27.00 but after that, nothing until perhaps around $25.

    Longs, do you have your sell-stops in place?


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