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American Superconductor Corporation Message Board

  • grump430 grump430 Apr 24, 2013 10:45 AM Flag

    Sellers are thinned down

    When the stock broke support at 2.40 some holders got spooked into selling for about 6 days. Then the sellers thinned out.
    Next the stock will test support until support holds and that number will spell the sweet spot of the stocks fundamental capacity. A lot of the long/short tussle is a repeated measure of the longs belief in the companys fundamental make up. A clue to further action revolves around the reaction to todays 2.62 high.

    Sentiment: Strong Sell

 
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