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Exide Technologies Message Board

  • danbevtsa danbevtsa Jun 26, 2013 9:32 PM Flag

    From a blog sent out tonight... Gap up!

    XIDEQ - Potential Bounce - (Exide Technologies) - closed up 4.03%, at .155c a share, on over 6.06 million shares traded. Shares saw a new 52 week low of .122c, but found support at that level, closing up on the day at today’s high of .155c. After closing at today’s high, therefore forming a bullish hammer candle on it’s chart, shares of XIDEQ could continue to see a bigger bounce into tomorrow as traders take notice. The Company recently filed bankruptcy and shares have fallen from over $2.30c in April to the new lows they created today. As a result, it’s our personal opinion that extra caution should be used in trading stocks with a “Q” attached to the end, representing any Company’s current state of being bankrupt. We have seen other “Q” stocks turn into great trades over one-two day periods on similar dead-cat bounce setups. Keep it on close watch tomorrow.

    Sentiment: Strong Buy

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0.2315-0.0065(-2.73%)Jul 28 3:58 PMEDT

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