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Tuesday, January 24, 2012 7:34:20 AM
This one popped on my scans last night - I had thought this company had been left for dead. LOL
YRCW may be a potential for a bounce/spike, there are just too many other good opportunities for me right now. Still, up 16.9% in one day may be enticing for some. The larger chart is not very enticing.
But a chart without the large drop off looks much better to see trends/waves. The downtrend is definitely broken and is beginning a pretty strong uptrend. Also the 10 & 30 are getting ready to intersect, volume is very strong and MACD has plenty of room.
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I would have to look into the financials, etc. to see what a projection would be for an exit point - but potential looks strong. My first thought is that a company which was trading in the hundreds of dollars just a few months ago, may have plenty of strength to go from 13 to 25 or even 40 bucks. I'll be checking this out for myself in more detail later. Just thought I would share a potential swing for someone to check out and decide for themselves.
All The Best
YRCW may be a potential for a bounce/spike, there are just too many other good opportunities for me right now. Still, up 16.9% in one day may be enticing for some. The larger chart is not very enticing.
But a chart without the large drop off looks much better to see trends/waves. The downtrend is definitely broken and is beginning a pretty strong uptrend. Also the 10 & 30 are getting ready to intersect, volume is very strong and MACD has plenty of room.
I would have to look into the financials, etc. to see what a projection would be for an exit point - but potential looks strong. My first thought is that a company which was trading in the hundreds of dollars just a few months ago, may have plenty of strength to go from 13 to 25 or even 40 bucks. I'll be checking this out for myself in more detail later. Just thought I would share a potential swing for someone to check out and decide for themselves.
All The Best
Be careful, most people get burned by penny stocks.
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