Is 10% down from recent high consolidation or something more? I wonder if this can be manipulation by the MM to allow shorts a chance to liquidate their position or is an institution trying to cash out their position. There were some pretty big trade volumes at the open.
the macd and sto are giving sell signals today . the 30 day moving aver. line is still down near 14 . after these 2 indicators give sell signals , a move to the line would be a nice consolidation move but we do not want to see the moving aver get broken because there is more support at 13 .. the 14 area moving aver. line would be a good entry point as long as that line holds . This co. is still in the top 25 companies with the best fundamental score 9 positive 1 negative . tought to find better .
JMHO. but....If she ends the day anywhere between $15.99 and $16.01, we may see some consolidation. But if she smashes through $16.00, and ends the day at $16.05 or higher, consolidation may have to wait for cooler heads to prevail. Camp seems to be a hot ticket for the moment.