Those who have will be given more, and for those who do not, the little that they have will be taken away. The wise do not bet against a billionaire.
Often times when a stock snaps back and reclaims a major support, it goes back to test the previous high. In other words a change of polarity or a reversal takes place.
Selling for profit will give us a one time big dividend and a spin off will give us an opportunity for a higher payout. In the past they just sold the business and gave us the dividend. Now they want to try a spin off because they (MGT) believe it will provide more benefit to share holders
The last time it did that was during the bottoming process. The stock formed a very nice base and they worked it up following all the rules. Its not over extended, its just right for a pop. This goose is cooked and ready to serve.
SPY hit daily 200sma, media pumping market correction, the question is will the funds step in to window dress their portfolio on tomorrow's end of quarter date. I am pretty sure the market will close green tomorrow, but I am not sure if they will gun for the triple bottom support in the pre market or bounce it here at the 200sma.
CENX hit pattern support today. Furthermore, AA dropped 9 consecutive weeks, straight into the weekly 200sma without any consolidation. JO (coffee) is near a double bottom; however, pattern suggest more down side to 17.70. Corn, Weat, and Soyb all broke through the weekly 50sma; however, it needs to form a base.
Its trading above the 20,100, and 200 moving indicators on a weekly chart. In addition it is at a retracement buy point. Seriously, it doesn't get better than this. The only negative thing is the SPY is going to roll over in the next two days. But its okay because no one knows. It should pop.
As far as FEYE is concerned, it should not close below 43.50. If it does, that's confirmation that it will test the 200sma (39.65). I am pretty sure they will step in on the drop and pop on Monday, and take it back up to 55.33. They, who ever they maybe.
At first I was thinking they was going to drop the market on Monday (Option X Week). Now I think they will gap the SPY up to 213. If this should happen, take profits. Its going to get freaky after that.
Company claim not dangerous, safer than acetylene, then someone dies from explosion. Company claims cuts faster than propane, yet Navy test disprove claim.
Also, I have a position in FEYE, it is consolidating above a break out point, this is very bullish with a good risk to reward.
It depends on the close. If it closes above 46.18, its considered a cup and handle break out on a weekly time frame. The chart is telling us to stay long.