Buy the rumor.... Many stocks run before a convention or trade show...
We have a trade show, and expect to go live with our products on big sites like Home Depot in October... Also usually what Home Depot does, Lowes eventually follows... So I wouldn't be surprised to hear news of Lowes coming soon too... Already have Ace Hardware as well... Then here are the anticipated sales numbers, etc...
Buy the rumor...
And the chart totally shows a bullish move is coming soon...
I personally barely trade by fundamentals or news and trade mostly on technical chart analysis.... The chart is set to EXPLODE... Look at that beautiful Double Bottom bearish to bullish trend reversal pattern with massive volume and many other signals of a trend reversal, like the 50 day Moving Average turning upwards (used to judge the trend direction), just the volume showing up here here is huge, where has volume showed up anywhere else on the chart? If that's not enough to signal this as a bottom and reversaling, look at the higher lows and testing the 50 day MA with a 20 day MA golden crossing the 50 day MA....
ADX here is through the roof and Stochastics/ MACD showing momentum reversaling upwards, RSI ready for a run, and accumulation/ distribution bottoming out,and Bollinger Bands opening up...
I'd say easy 3 to 5 cents here... Should soon challenge the 200 day MA...
No to mention the low OS/ AS/ and float...
Oh and then, buy the rumor....
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