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  • richeydouglas@ymail.com richeydouglas Jan 23, 2013 3:33 PM Flag

    Sell Average Update based on todays high.

    Based on todays high of 31.50
    the 52 week sell average was 31.3875
    Stock seems to not be bullish above that average.
    HOW TO CALCULATE SELL AVERAGE
    last price x 2 31.50x2 = 63.00
    52 week low = 17.55
    52 week high = 45.00
    -----------------------------------------
    add together = 125.55

    divide by 4 = 31.3875

    waiting on earnings to see if the stock price can get any traction.. I think if earnings are weak we could see at least a 20% sell off. if earnings are good I figure the stock will go as high as 10% above the sell average before we have a major correction and profit taking.

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