The "some sort of support around the 20ma" is no support! It's crossed back and forth over that level in the past 6 months quite a few times. Very unreliable.
I have a question. Are you looking for a quick-hit or a trending profit maker? Because historically, WYE is a "trading range" stock. This is a 3 year chart. WYE's been about $20 higher in THREE YEARS!! My point is that predicting a trading range for WYE isn't hard to do. If you enter a position hoping to see a short-term move to 50ish, you might get your wish. But I believe that's a best-case scenario. And it pains me to say this because I'm ALREADY long on WYE.
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