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AudioCodes Ltd. (AUDC) Message Board

  • eurotyle eurotyle Sep 20, 2013 2:28 PM Flag

    AudioCodes DMA

    It looks like she wants to make a play for the 50/day moving average again, and if so, they will probably meet around the $5.80-$5.90 range. By this time, the RSI should have reset nicely to around the 35-40 range.

    At this time when it meets the 50/day, it might be fun to watch which way she goes. If she bumps above the 50/day for a day or two, load the boat. If she drops below the 50/day with volume, there might not be much stopping her from hitting $4.75-$5.00, depending where the 200/day sits at that time.

    I still am a fan of the AC story and like it everyday the RSI resets with small declines. Not hoping for shareholders to lose money with the daily drops, but it's overall beneficial for longer term gains. Once she runs after the RSI resets, she might take out $7.50 or $8.50 on the march to $10 or above.

    Sentiment: Hold

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5.16+0.01(+0.19%)Jan 29 3:59 PMEST

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