ANDE

Well Traders, an interesting thing happened to ANDE last week. I mentioned the "bounce" that was expected after it took me out at my stop-loss. Well, on Thursday, boy did it ever bounce. This was primarily due to an upgrade by Bank of America.

However, after an initial gap up of $2.15 at the open, the stock fell the rest of the day. This set up an interesting conundrum. Would the stock continue to rise, or try to fill the gap?

On Friday, we see that there was a little indecision, and ANDE actually tried to close the gap. Today, ANDE is up over $0.80 at the time of this writing. We'll see if Friday's action was the "gap close" attempt which is now over, and ANDE should run bullish from here.

Happy Trading!