American Green Inc (ERBB)

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ERBB Technical Pullback - Longs You Want This

Purely a technical pullback today.

http://stockcharts.com/h-sc/ui?s=ERBB&p=D&yr=0&mn=4&dy=0&id=p51666992872

ERBB has hit the high end of the technical ranges. The RSI is topping, the StochRSI is topping, the divergence on the MACD is quite large and ERBB is pushing the top bollinger band. It needs to be recoiled.

This cool down could not have come at a better time. We don't want ERBB toppy when the news hits. If you are a long looking to add, a pullback like this is what you are waiting for.

Friday could be very interesting. Anyone who has not jumped in yet will feel the pressure to get in before the Zazzz PR. While shorts don't play much of a role here, I would expect most would be covering by Friday afternoon. This could lead to some pretty heavy buying tomorrow.