NewMarket Technology (fka NWMT)

[thechamber]

NMKT will overhang shown up to .46 (the 200 Day Moving Average) helps me see where the resistance is. Those bars on the left axis in the chart below show the volume at certain price levels. NMKT needs to get though the high volume bars where investors bought in as they sometimes will say--I am getting out when I break even!!

But once you get through .46, that usually means those investors have either sold, or changed their minds on selling and want to hold.

Traders that do not care what NMKT does or is often just buy on 200 DMA breakouts. Many start watching or buying when a stock gets through the 50 DMA (.39 for NMKT).

All in all, NMKT looks good here. Now, where it can go is anyone's guess. But .50 in the near term is not ridiculous, IMO