With the McGrawHill stock trading between 35 and 45 since the start of the year, the pattern is likely to be repeated in the next weeks. I just think the 45 resistance will hold and the price will go test a support lower. As of my pick start, MHP was trading at 43.00 and there is good odds for the price to pullback to 40. If the price go throughout the 40 level, you can expect the price to fall to 37. I like reading some of their books and magazines but I don't want to own that kind of business in the economic environment we are in.
$43.0 (08/29/08)
