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Magal Security Systems (MAGS) Message Board

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  • testpilot34278 testpilot34278 Apr 4, 2012 12:43 PM Flag

    Low-float jumper

    Volume of 5 million shares in first half of today's session is already the biggest daily volume since that huge run from $8 to $40 during March 2004.

    After the most recent big jump from $2.50 to $5 at the end of last November, chart has been tracing out a huge ascending triangle with repeated overhead resistance at $5. This is the breakout from that pattern. Obvious preliminary short-term target is another double to $10.

 
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