Wednesday, March 25, 2015 8:52:39 PM
Lots of support in the 2.80s
Indeed and it did not need the company to support it this time either. The peak of this support is at 2.85 (currently 202-210 MAs) and there is a lot of volume tied up in these and older moving averages (LMT sale high volume day and the initial run-up to 4) and as long as this support is not broken the stock will always have the ability to bounce back up to 4 easily again. The long-term support is strengthening.
What is your take on the recent acquisition
I have an open mind, show us the money
.
Indeed and it did not need the company to support it this time either. The peak of this support is at 2.85 (currently 202-210 MAs) and there is a lot of volume tied up in these and older moving averages (LMT sale high volume day and the initial run-up to 4) and as long as this support is not broken the stock will always have the ability to bounce back up to 4 easily again. The long-term support is strengthening.
What is your take on the recent acquisition
I have an open mind, show us the money
.
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