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Actually, see the attached chart.It's a simple chart but look at the Parabolic SAR setting up under the day's movement. Also look at what's about to confirm....I believe if/when we pass $10.86, we propel upwards.http://finance.yahoo.com/q/ta?s=SVNT&t=3m&l=on&z=l&q=l&p=m20%2Cm50%2Cm100%2Cp&a=&c=
I get a different message from that chart.Almost every time the parabolic SAR generates a sell signal, the price goes up. Almost every time the parabolic SAR generates a buy signal, the price goes down. It's supposed to work the opposite.To me, this means that the stock is trading in a channel since January, rather than trading on momentum (i.e., technicals).I agree with the main point, though... If we break 11ish it probably signals a new higher channel.