AI
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Friday, May 03, 2013 7:12:09 PM
That chart doesn't show the 10-day MA
The problem with that chart is that it doesn't show the 10-day MA, and because it also doesn't show Bollinger Bands, the 20-day MA as well.
The chart I've included shows both of those, plus the 100-day MA.
You'll notice that even after Tuesday's news, the stock price never closed above the 10-day MA, and in fact, hasn't done so since mid-April.
NOTE: Edited the above sentence to change "never exceeded" to "never closed above", as the Wednesday high was indeed above the 10-day MA, though it fell below it at the close.
You'll notice too, that both the 10-day and 20-day MAs have 'Death Crossed' the 100-day MA.
It's possible that if the price can hold $0.18 for a few days, we'll see the price exceed the 10-day MA for the first time in nearly a month.
The problem with that chart is that it doesn't show the 10-day MA, and because it also doesn't show Bollinger Bands, the 20-day MA as well.
The chart I've included shows both of those, plus the 100-day MA.
You'll notice that even after Tuesday's news, the stock price never closed above the 10-day MA, and in fact, hasn't done so since mid-April.
NOTE: Edited the above sentence to change "never exceeded" to "never closed above", as the Wednesday high was indeed above the 10-day MA, though it fell below it at the close.
You'll notice too, that both the 10-day and 20-day MAs have 'Death Crossed' the 100-day MA.
It's possible that if the price can hold $0.18 for a few days, we'll see the price exceed the 10-day MA for the first time in nearly a month.
