Fundamentally, we have good reasons to be long.
Last Friday a technical analyst posted a reco on SH here and wrote in his blog:
" Buy - EVG.V .80 to .85 cents ASAP
EVG.V is demonstrating a trend reversal potential by squeezing the 200 day average in a narrowed bollinger setting... Level II is showing a build up of support on the bid side, with glimpses of surge buying from the sides, and low volume back fill creeping upward of the mid ......70s higher low... I call it the teardrop effect.
The risk is low, and support is proven... only wait is the one for the pop... or sell on stop under .75 "
We know that we need to close above the 200 day SMA which is now slightly above .88 for 2-3 days and ideally close the week in the 90s before calling it a breakout.
LOOKING GOOD!
http://kenucksmallcap.blogspot.com/
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1356496&cmd=show[s208442482]&disp=O