Wednesday, February 11, 2009

FNF and AZO update

FNF and AZO pulled back today, let's take a look at both.

FNF




FNF pulled back nicely today, down 4% for the day. At one point the stock was down over 9%. Notice, that stock pulled back to its 20 day ma, and also the trendline, which is now its support. I am going to need a move below this trendline to be profitable.

AZO



AZO pulled back slightly today ,but has pulled back the past 3 days after rising to an all time high on Feb. 6th. It will be interesting to see if this stock pulls back further in the coming days.

I also added to my IYR put position today, and it remains my largest position.