UMC

3/18/16 Watching for an entry

Setting up nicely for the pending breakout. A close above 2.14 is go time and risking off 2.14.

3/18/16 Daily



3/16/16 Daily

3/16/16 Watching for an entry
UMC is making another run at the 2.14 breakout level. Same thesis as before.

3/14/16 No Play developed
Opened at 2.14 and tanked. Never made it to an entry point. may be coming back later but its off my list for now.

3/11/16 Watching for an entry

Acted very well today closing on its high at 2.14 but the volume was not great. If it open green and I get in and risk off the 2.14 with a target of 2.30.

3/10/16 Watching for an entry
Still holding up well above the 21 day where is seems to feel at home. Looks like it might try to break thru the 2.12 area again. Lets see if it can put in a new high or break thru 2.14.

3/9/16 Managed Loss
UMC = Chart is not broken by any means but it is not as strong as I would like to see for a high percentage play. It dropped below the 21 day which is where i said I would sell. If it puts in a higher low it is still worth keeping an eye one in the near future.

3/8/16  On Target
UMC = This still looks good but has not yet tested the 2.12 area. I would stick with this until it drops below the 21 day SMA. Watch for possible breakout at 2.12 with a possible multi day run near 2.30

3/7/16 On Target
UMC = This has broken down some but did bounce off the 21 day SMA. If it goes sideways a bit and churns it way back, you could still see a possible breakout at 2.12 with a possible multi day run near 2.30

3/6/16 Opening Remarks
Watch for possible breakout at 2.12 with a possible multi day run near 2.30