Replies to post #1773 on Astrotech Corp. (ASTC)

[golfndude]

Hopefully it bounces off $3.20

[binks]

I also got some in the 3.80s :(

[mas]

Today's action was caused by this ...

http://finance.yahoo.com/blogs/the-exchange/stocks-plunge-in-u-s---dow-sinks-more-than-280-points-205935575.html

http://finance.yahoo.com/blogs/hot-stock-minute/stocks-________-on-global-economic-concerns--treasuries-rally-on-rotation-to-safety--msft--sbux--pg-buck-downward-trend-in-stocks-162201058.html

All completely overblown IMO and no doubt on Monday the manipulators will say the world is not coming to an end, let's raise stocks again. Professional traders don't make money unless stocks go up and down and if they are not going up or down naturally they will make up a crisis to effect this.

Basically today for this stock there was both fixed support around 3.0-3.2 and MA support from the 15 day moving average at 3.26. The latter is a rising average which means if it holds it will push the stock up. The stock is in good shape next week to collect the MAs from 2-14, convert them back into support and then attack $4 again, no critical support was broached either fixed or moving.

http://www.nasdaq.com/symbol/astc/stock-consultant

CURRENT PRICE
3.27, just above support, 3.09 ± 0.08, type Double, strength 10

RESISTANCE ABOVE
+15.4% at 3.74 ± 0.09, type Single, strength 8

SUPPORT BELOW
-4.6% at 3.09 ± 0.08, type Double, strength 10
-18.2% at 2.65 ± 0.07, type Single, strength 5
-49.7% at 1.63 ± 0.04, type Single, strength 8
-54.3% at 1.48 ± 0.04, type Double, strength 8
-56.8% at 1.4 ± 0.03, type Double, strength 5
-61.4% at 1.25 ± 0.03, type Single, strength 3
-75% at 0.81 ± 0.02, type Single, strength 2
-76.2% at 0.77 ± 0.02, type Double, strength 2
-78.7% at 0.69 ± 0.02, type Triple, strength 3
-79.9% at 0.65 ± 0.02, type Double, strength 2