Just my opinion but I still think this is continued good action in BAA. We have two insiders that purchased withing the last 30 days. We are awaiting forthcoming production news.
Volume drying up as we test the 50 day MA once again. Yet we are still above the 50 day. Next week the $.48 52 week highs will come off and the new 52 highs will be at $.40 from when the Q1 earnings came out.
The reason I think that having the $.48 come off the 52 week high is important is that it will be easier to go thru the $.38-$.40 area.
Then we would have a stock holding while gold has dropped. We would have a stock that has RSI increasing against the overall market and basic materials sector.
Good Stuff. BAA just has to go on its own time table.
Oh, and anything above $.40 will now be a new 52 week high. Next week and beyond.
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