Correction Last Week, Support at 50DayMA

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jcwillis

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Correction Last Week, Support at 50DayMA

posted on Feb 08, 2012 12:15PM

Had a bit of a correction at end of last week. Seems to be trading technically. Last Tuesday sp touched on upper BB and started the profit taking. This week, OBV showing folks getting in in a small way. Looks like 50DayMA is support for now, and may be a reasonable entry/add point. Running in lower half of the BB's, and would prefer sp to run in the upper half of the BB's because that would be a bit more Bullish.

We know news is coming. News will trump technicals.

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