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Magal Security Systems Ltd. Message Board

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  • e5ducky e5ducky Apr 18, 2012 4:51 PM Flag

    Crazy market..Mags gets a nice contract and its

    Price has run up very fast. Stocks tend to pull back toward the 50dma once they exceed 20% above that figure. There also is a gap to fill around 4.90. I am waiting until the share price gets within 5-10% of the 50dma. Will it get there anytime soon? Time will tell. I may miss out, but not willing to chase any stock in the current market.

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    • maybe you should pay attention the way they play this stock, air pockets all over the place, the good news never holds the price here. the gap that this guy was taking about was filled, when it went from 6.46. to 4.9 after earnings. regardless, the mm's here own you, market has nothing to do with it.

4.50-0.05(-1.10%)12:12 PMEDT