Closed the week with a BANG and looks like it will continue to run up. After 4 weeks trading in a tigh range, patient investors were rewarded as the price finally broke out of the consolidation period. From a technical standpoint, the daily chart shows that the 200-day EMA stands at 8.33, providing a key dynamic resistance for the upcoming sessions, as an extension beyond this level, should lead to additional gains and a potential big short squeeze. In the same daily technical chart, indicators maintain their bullish tone above their mid-lines, which means that the rally is far from over.
Stocks to Watch for the Week of November 9th, 2015
BlackBerry Ltd (NASDAQ:BBRY)
Started by
Costa
, Nov 07 2015 04:18 PM
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#1
Posted 07 November 2015 - 04:18 PM
Costa
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