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AOL Inc. AOL Inc. Common Stock Message Board

  • thetechtraderca thetechtraderca Mar 28, 2013 8:04 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on AOL at TheTechTrader site noting: AOL Inc. (AOL) had a big day for a day trade on Wednesday. It consolidated after the big run in November, pulled back, held support and the trend line, moved up, broke out, made nominal new highs, and then backed off to test the trend line and 50-day moving average, only to run up to resistance, stall there for a couple days, and on Wednesday, it gapped up and ran, up 3.03 to 39.20, or 8.4%, on 3.5 million shares. It did not take out the prior high, but if there is a follow-through on this one, we can see substantially higher levels. The top of the channel indicates that this could be a stock in the low 50’s. For now, there is a short-term target set at the 44 level, and then 48 intermediate-term.