Astrotech Corp. (ASTC)

[mas]

The 120 MA provided the critical support at 2.15-2.25 to provide a solid support floor to bounce the stock right back all the way above the 50 MA today. There is still a little moving average resistance left peaking at 2.85 (71-74 MA) but that should not take long to convert back into support and then the stock marches back up into $3+.



http://www.nasdaq.com/symbol/astc/stock-consultant

BULLISH
Confirmation - Strong bullish 3 day chart pattern with Average 3 day accumulation.

Confirmation - CONFIRMED breakout above 2.72, no resistance in area just above.

BREAKOUT
CONFIRMED breakout above 2.72, no resistance in area just above.

Type: Continuation breakout from Single resistance.

Target: 3.08, 12.8% Stop: 2.58, Loss: 5.5%, Profit/Loss ratio: 2.3 : 1 - Good

CURRENT PRICE
2.73, just above resistence, 2.64 ± 0.08, type Single, strength 3

RESISTANCE ABOVE
+15% at 3.14 ± 0.1, type Triple, strength 10
+37% at 3.74 ± 0.12, type Single, strength 3

SUPPORT BELOW
-3.3% at 2.64 ± 0.08, type Single, strength 3
-16.1% at 2.29 ± 0.07, type Single, strength 1
-40.3% at 1.63 ± 0.05, type Single, strength 8
-45.1% at 1.5 ± 0.05, type Double, strength 5
-49.1% at 1.39 ± 0.04, type Double, strength 2
-53.8% at 1.26 ± 0.04, type Single, strength 3
-71.1% at 0.79 ± 0.02, type Double, strength 2
-76.2% at 0.65 ± 0.02, type Single, strength 1