re:CNCG..anyone see this?
from wallstreetcity decipher
Corporate Snapshot
CONCIERGE TECHNOLOGIES INC
Other Dcipher reports: Analyst Rank
The current wave of accumulation has outlasted all overhead resistance from sellers and driven CNCG to a new fifty-two week high at 0.120. This preponderance of buying makes the stock one to watch for continued upside momentum. Further demand from investors could bring more new highs. The last trade for CNCG was 0.062 on volume of 569,800 shares traded. In the short term, CNCG may consolidate briefly before resuming its current uptrend.
A "Price Gap" occurs on a chart as demand outweighs supply. When a stock is under accumulation and buy orders exhaust the quantity of available shares priced within a specific range, those seeking to purchase must raise their bid to reach the next point at which holders are willing to sell. With its most recent open at 0.055, CNCG shows a positive opening gap of greater than 5%. If this is accompanied by strong relative volume, the stock could be beginning a new upswing. If there is no news accompanying this price increase, keep a watchful eye for continued strength.
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The above report is based on mathematical calculations and, as such, no investment decision should be based solely on its conclusions. Follow this link for the full disclaimer.
Please forward all questions and comments concerning this report to: Dcipher@telescan.com.
