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ZAGG Inc Message Board

  • rxonman rxonman Feb 13, 2013 2:37 PM Flag

    Little overhead resistance for zagg?

    i know the chart shows otherwise, but zagg may have little overhead resistance. its not price levels per se, that generates selling. rather its shareholders getting back to even that provides selling as shares rise. the large volume of zagg traded in the past 3 months around $7.50 or less summs to more than 200% of the float. unless there is massive day trading, many investors might have a basis between $7-8. when these guys beat and raise some strong growth rates and the stock blows through the 200 day, who knows how fast it can rise with little overhead resistance.

    Sentiment: Strong Buy

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