I don't think it means much, but it does show up under headlines on yahoo finance for those who have RVX on a watch list. As I say, I don't think it means much....but I'm hoping its an indication that we're going to be put ''in play'' sometime soon.
http://www.capitalcube.com/blog/index.php/resverlogix-corp-breached-its-50-day-moving-average-in-a-bullish-manner-september-10-2015/
Below is a quick look at 5 technical indicators for Resverlogix Corp.. More studies are available on the Technical Chart.
IndicatorSignal
Closing Price above/below 50 Day Moving Average |
Bullish |
Closing Price above/below 200 Day Moving Average |
Bullish |
50 Day Moving Average above/below 200 Day Moving Average |
Bullish |
RSI Reading Level (70) |
N/A |
MACD Compared to 9D EMA Signal Line |
Bullish |