After bouncing off 200 D MA resistance, the stock seems to have found support at the 50 D MA rather than breaking through the 50D. This is encouraging. If share price stays flat for the next 2 weeks the 50 D will actually start moving up as share price dropped 8-10 weeks ago from 60s to 50s to 40s. If 50 D starts moving up we could see golden cross (50d passes 200 d) within a couple of months. A boring stock price now is a good TA sign.
Still possibility of golden cross as 50 D MA flattened but did not turn down today. I was surprised that downturn was not greater. There was strong buying. As I expect little news from the company, golden cross formation can be sustained by those expecting good spring/summer, insider buying or both. We should get indication of insider buying or lack thereof during upcoming week.
Technical moves until Earnings, and then it caves, evidenced by the last 2 Qtrs during beverage season.
So what are your expectations for Revenue and EPS for this 4th Qtr?
Even if revenue is beat due to the lower 4th Qtr number, a 2 penny loss wouldn't surprise me because they did ramp up expenses a little from the bottom, in effort to turn the corner and promote some level of growth, but that didn't make the difference that it seems investor were anticipating in 2 and 3
no technical moves b4 earnings imo it trades in range bound by 50 and 200 d ma. prediction revenues of 3.3 M vs 3.1M and eps loss of a penny vs same for year ago. the keys to turnaround will be q2 and q3. .