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Has anyone been following this stock? Looks like it broke out today on no news w/ strong fundamentals.
[your thoughts here]
[your thoughts here]
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dmk112,
It looks very promising and I was completely unaware of it before your post. Today was the first day it went above its 50 day average in about a month. I'd watch it real closely for the next few days. It probably won't continue straight up without a pullback. Thanks for the tip. It'll be on my watchlist.
billyjoe -
Dmk112, I pulled up a weekly chart on AMXC and one gets a different picture. I see this stock has had a nice 3-week pull back with decreasing volume. This is exactly what you want to see. Notice the 20dma (blue line). It has been running this moving average rather nicely since 2.10. Some people use this moving average as a potential buy signal. The idea is to buy when price is close to the 20dma. Notice the possible buy signals as the price nears the 20dma. I still think 16.15 would have been the best entry on the weekly chart.
If it can bust out on huge volume today one may take a small position. Notice the red line. It needs to take out 21.09. I hope this helpsComment
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Going the wrong way today. Hope it's a temporary pullback.
billyjoeComment
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