Meet Group Inc (MEET)

[bud_fox]

MEET beat analysts expectations. Buy on the rumor and sell on the news. Chart was overbought before earnings and ran from $1.60 level to $2.90 in a couple weeks on pure momentum. Needed a healthy consolidation and churn to reset the charts. It appears new base has formed at these levels. Company will buy back $3 mil in shares as opposed to the $1 mil previously mentioned. This is a prime takeover candidate in the not to distant future. RSI appears to have been reset around 58 which is back in the wheelhouse. Good long term investment. Trade the dips.