AI
Wednesday, April 24, 2013 5:59:04 AM
The technical indicators are looking positive for GESI. The accumulation continues to be very strong, as you can see by the chart. Also, important to note is that the 20 Day Moving Average has crossed above the 200 Day Moving Average. The provides a positive indicator of a trend reversal.
Crossovers
"Accordingly, should the short EMA crosses back above the longer EMA (i.e. the 20 day EMA crossed above the 200 day EMA), this may be viewed as a possible change in the trend (so, in the aforementioned example, it would move up)."
"As the short moving average crosses over and above the longer moving average, this can be interpreted as a change in trend to the upside."
"Moving average crossovers tend to generate more reliable results in a trending market that tends to accomplish either new highs or new lows."
http://fxwords.com/m/moving-averages.html
Barcharts has GESI listed as a BUY.
http://www.barchart.com/quotes/stocks/GESI
It's great that the technical indicators are providing confirmation of an upward trend. This combined with the obvious continued accumulation provides further proof to me that the stock is currently consolidating, waiting for the next move up, imo.
GESI / IFTF
Crossovers
"Accordingly, should the short EMA crosses back above the longer EMA (i.e. the 20 day EMA crossed above the 200 day EMA), this may be viewed as a possible change in the trend (so, in the aforementioned example, it would move up)."
"As the short moving average crosses over and above the longer moving average, this can be interpreted as a change in trend to the upside."
"Moving average crossovers tend to generate more reliable results in a trending market that tends to accomplish either new highs or new lows."
http://fxwords.com/m/moving-averages.html
Barcharts has GESI listed as a BUY.
http://www.barchart.com/quotes/stocks/GESI
It's great that the technical indicators are providing confirmation of an upward trend. This combined with the obvious continued accumulation provides further proof to me that the stock is currently consolidating, waiting for the next move up, imo.
GESI / IFTF
