LEVEL 3 (LVLT)

[mr_bitterness]

Hi LP ... sorry for the no-reply, just getting in now. For Monday,,, let's say maybe 3.08... LOL!

I was looking further into the future than at short term pops for the significance of that 3.10+ Friday close. The MA20 just crossed up through the MA50.

Immediate term, I am "concerned" that LVLT is moving into overbought, and that is confirmed by the lower pps today. But the weekly is looking so good that even with the possibility of a pullback over the next couple of weeks, (even below 3.00). I would expect some churning here for a while before resistance starts breaking up.

I expect to see the MA50 cross up through the MA200 within a month or so.