We closed above the bollinger band mid point for the first time in over 30 days. Could go either way but the bands are narrowing and we hit a low for the year this week. I would think that that's bullish as hell but who can tell with this one.
I'm certainly not one either. I despise technicals, but I guess it's kind of like a religion. If you have enough people believing in it the prophecy can be self fulfilling. The thing is there are so many time frames and indicators (bollinger, MACD, moving averages, head and shoulders, yada yada) you can look at . They can pretty much make a case for any direction depending on what case they want to make. I don't like predicting the future based on history.
That said the price action yesterday was pretty interesting. Strong move into the end of the day when usually it gets beaten down.
Also on 3/15 it looks like Barbour exercised some options and held onto the stock, except the portion he sold to pay off the taxes he would owe.
Class A Common Stock 03/15/2013 M 32,500 A $ 0 217,771 D
Class A Common Stock 03/15/2013 F 16,907 D $8.41 201,690(1) D