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Perma-Fix Environmental Services Inc. Message Board

  • roboklerk roboklerk Oct 1, 2013 3:08 PM Flag

    Any News, Pretty Good Hit Today?

    It's been up really strong lately, but maybe some investors are concerned about the timing and delay of any government contracts/spending decisions given the partial government shutdown of non-essential services. Any freeze-up would be most unwelcome. Expect they will address it on the next CC or sooner if it is an issue at all.

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    • You were saying?

    • Or maybe it's just profit taking which should be expected after a non-stop 50% move higher over the past couple weeks.

      • 1 Reply to o08o.ugh64w
      • Submitted at 8:22 PM US EDT on 10-1-13, Tuesday:
        It could be said to be filling its last up-gap by descending to the price level from which it gapped upwards. It's trended up steadily since it seemed to bottom on 6-28-13, Friday when it closed at its intraday low of 36¢. Its simple moving averages are inflecting bullishly, as if it's concluded its last downtrend and can be expected to trend upwards, maybe into the longer-term. The big up-gap of last Thursday began at Wednesday's close of 63.99¢. The price closed today at its intraday low, which was 64¢. That could be low enough "to close the up-gap." As well, the price has now fallen almost to the rising 20-day simple moving average, which closed today at 60¢. The price might find support soon, but the Slow Stochastic, a "range-bound" oscillator which indicates momentum, has begun a new down cycle from its overbought level, and has only declined to 68.10 (%K) on a range of 100 down to 0. This implies that the price may continue to fall until it's less overbought. Overall, this stock looks to me like it may have terminated a long downtrend and like it may have begun a new longer-term uptrend, but I'd like to balance my technical opinion with solid fundamentals. I don't think I'm seeing a flash in the pan in a price decline which will continue to $0.00.

3.84-0.18(-4.48%)Nov 25 3:59 PMEST