with eps release and post eps release and golden cross happening in 10-15 trading days around $31 level and 200 dy will be around $31 as well - gonna be fun as this just could be the major break out we need - shorts prevented a major 200 dy break once but as 200 dy keeps falling and trailing 4q eps keeps rising only a matter of time before qcor breaks through for good
Not denying or knocking 50/200 golden cross - but to temper expectations somewhat.it somewhat:
"According to Joseph Granville, a famous technician from the 1960’s (who set out 8 famous rules for trading the 200-day MA), a golden cross can only occur when both the 50-day and 200-day moving averages are rising. Others takes a less stringent view on this."
Technician Bartels from ML just says: 'the golden cross is more powerful when the 200 DMA is uptrending.'
To me what is going to drive the price up in the short term is the expectation of a big beat on revenues and EPS this quarter. If QCOR price flies through the cross - uptrend or not the momentum traders will have it in play. Looks though like it would need to get through $33 for those same traders to hold it for very long.
Sentiment: Strong Buy
todd, As has been pointed out in another excellent post this am, a number of the officers are in a 10b5-1 stock selling plan where for predetermined reasons they sell an established number of shares during a stated time frame subject to the plan's management, not their own discretion. I say all this because the likes of Citron and Andrew Left, the little Philadelphia DA, and the massive shorting have put a heavy cloud over QCOR. Those who are in the 10b5-1 are thereby being robbed of being able to sell at a premium to average industry p/e. Therefore, I believe QCOR management, in order to increase their own incomes with share sells, are going to initiate a "shock and awe" campaign that will be breathless to behold. In other words, selling at $30 when one should be selling at $75 is going to be corrected. I am sure GS and Lazard have been consulted to how best burst through this artifical cloud and take the price to the stratosphere. Maxdad, Mike, Pharmaman, Drdon and too many others to mention have given more than plausible reasons that this can and will occur. The simple matter is "the shorts are vapors".
Sentiment: Strong Buy