| Genlyte Group (GLYT),
a manufacturer of residential, commercial and industrial lighting
systems, has been on a tear. From January 2, 1997 through February
16, 2007 the stock has increased from $6.16 to $72.60, or 1,078
percent. But it is down from its all-time closing high of $85.65.
Be careful with GLYT. It recently completed a steep upside that
could have signaled the beginning of a head and shoulders topping
formation.
Click on the blue chart to the right to see more information about
GLYT.
Related Articles:
Price Patterns
- Head and Shoulders Top Is a Complex Pattern
Price Upsides
Often Occur in Three Stages
The
Upside is for Winners – Beware of the Downside
Posted February 13, 2007.
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