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Prudent Capitalist

02/10/10 11:58 AM

#2664 RE: powerfade #2663

I don't know about that Powerfade, but I do believe AXTG is headed higher, perhaps much higher, in the near term, based on the recent trading and stock accumulation data. I recently pulled some accumulation data for several stocks over at stockcharts.com. I am not a member, so it won't let me pull anything but a default chart over here. But, if you go on and pull up a custom chart for AXTG, using as your 3 custom indicators "Accum./Dist." "Chaikin Money Flow" and "Money Flow Index" you get a very interesting chart that clearly shows strong recent accumulation in AXTG. That should be a positve going forward.