Breakout Watch Issued for Vasco by Nasdaq Consultant
higher volume today vs avg at this time; A/D B-; U/D volume now greater than 1..
BREAKOUT WATCH for possible breakout above 8.36, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 9.01, 11.2% Stop: 7.83, Loss: 3.3%, Profit/Loss ratio: 3.4 : 1 - Excellent
MGM, we're above the 8.10 200 da sma now...I'd like to fill that 8.79 to 7.90 gap and we're in the process of doing so now, albeit with showme volume.
I like the TA since it is giving strong hints now to this next move up. Also, all the key officers are sitting on beaucoup stock options with low exercise price levels..if one thinks they are not planning on a pop this yr with that sandbag forecast, they should think again.
I agree, and hope they really were sandbagging quite a bit in order to set up this next run. If they blindside us like they did last quarter then I'm out---but I doubt that's going to be the case. Fool me once-shame on me--fool me twice...........No, this report should be glowing and upbeat.
Breakout will come when earnings are announced--and it will be a monster. The technical analysts strictly go by the chart patterns, volume, and other technical indicators. The traders and investors in this stock go by the earnings and guidance. It is very encouraging, though, seeing the volume and price returning a bit. Could push up to $8.50 prior to earnings. I think that wherever the stock is when earnings are announced next Thursday, on Friday the stock will open 15% higher--so if the stock is at $8.00 it opens at $9.20 or so. If it is at $8.50 it opens at $9.75, and depending on guidance could rise as hign as 25% in one day. There are a lot of investors who have been waiting on the sidelines to get back into this stock, but they need the positive guidance.