Jamba Juice Trade Set-up

Technical Breakout Trader

Jamba Juice Trade Set-up

By Zack Armstrong — Author

I personally love the stuff and always see people flocking into the stores in my hometown. And now, I'm starting to love the stock!

The weekly chart shows recent $3 resistance but higher highs forming an ascending triangle. A breakout above $3 will warrant a small long position.

$2.70 has been acting as good support on the daily chart, and I would be willing to take an aggressive entry on a breakout over the recent down-trend line seen. Stay tuned!

Posted to Technical Breakout Trader on Apr 10, 2013 — 1:04 PM

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