Don't Ignore These Charts!

By Chip Anderson, StockCharts.com

How are your money management skills these days? Here's a real test for you:

Over the past 10 months, Matrixx Initiatives (MTXX Quote) has been bouncing up and down between roughly $14 and $19. One of the first signals that the stock is about to start moving higher again has been when it penetrates its lower Bollinger Band. While extremely risky by themselves, those signals have often been confirmed by MACD [Moving Average Convergence/Divergence] Histogram crossovers within a couple of days.

By practicing good money management skills, agile traders may be able to take advantage of MTXX's recent history now that it has gone and done it again.

To read (and see) more on Matrixx Initiatives and Berkshire Hathaway (BRK.B Quote), visit Stockpickr.com.