Friday, May 14, 2010 10:50:18 AM
I think some healthy consolidation above the SMA(50) would be good for SGCP. We shot right up and pulled back on light volume (as expected), now we need it to trade sideways for a bit so it has a strong base to come off of because the quicker a stock goes up, the quicker it comes down. Granted those rides straight up are awesome, but they're not healthy for a stock in the long run. It takes them a while to recover from that kind of movement.
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