ZAGG Incorporated (ZAGG)

[trendseeker]

Definitely hoping for a bounce and I think we'll see one later this week or next week. Bought more shares today right at the close as price neared the 20 MA. The 20 day MA (or close to it) has held as support pretty well since the beginning of 2009.

With the overall major indices looking like they are finally contracting swine flu and thinking about rolling over into a test of earlier 2009 lows, I'm not hugely optimistic about placing new long positions right now but I think this stock will be good for at least one more rally to test its recent highs before it gives way to a downtrend. Heck, it might even continue climbing as the rest of the market tanks, who knows?