Thursday, April 21, 2011 2:45:47 AM
Aside from packing my Croc’s Modi Flip (thanks to Michael Bigger) the chart above for the stock is also looking like a good pick. It broke above a triple top resistance at 19.54 Wednesday, and is also back in the rising channel. The Relative Strength Index (RSI) is rising and the Moving Average Convergence Divergence (MACD) indicator is increasing. It did close outside of the Bollinger bands (BB) Wednesday though so it may consolidate or retest the break out level before moving higher. Look for a target on a move higher of 23.59.
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