The following is technical analysis on Zanett Inc. (ZANE) stock for March 8, 2010
Zanett Inc. (ZANE) Support & Resistance Levels - 3/8/10
Resistance Levels: $3.11, $3.80
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Zanett Inc. (ZANE) has been on fire for the past two days after releasing news. After pulling back Friday morning, the Zanett broke up through the $2.20 high of day as well as $2.50 which was Thursday's high. This was a recipe for another huge breakout into the $3's. Zanett now has resistance located at $3.11 and support between $2.40-$2.50. As long as Zanett remains above $2.40, I like the stock for a trade.
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