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Re: ufgtrs1 post# 138846

Saturday, 06/05/2010 2:15:21 PM

Saturday, June 05, 2010 2:15:21 PM

Post# of 375420
To answer your question UFGTRS, the stock has bounced off the 50 Day Moving Average (.012) twice this week as we have been in a consolidation mode since the run up last week. Having been tested twice, IMO the 50DMA is providing solid support. As the stock consolidates, it is building up energy that will assist in propelling it upward as we continue the upward trend that we are now in next week. The 200 DMA (.017) is the next resistance level to be broken. Having broken the 200 DMA last week, IMO when broken again with a close above it, we will soon leave it far behind. Without news, I see us closing in the mid to high 02's by the end of next week. With news or enhanced buy back, we could easily establish a new 52 week high by Friday. All IMHO. (Chart Below)

Makamai