The stock has appeared recently on my blog for a potential move higher. Looking at thechnical chart, you can see for yourself that the recent gains have come on relatively strong volume. Other factors that are in favor of a move higher is the technical indicator On Balance Volume ( OBV ) and the the Relative Strength Index (RSI) . In addition, the stock is trading above both 50 day and 200 day moving average and MACD is above 0 showing positive momentum.
ROYL - Royale Energy, Inc.
Started by
Costa
, Apr 25 2010 04:01 AM
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#1
Posted 25 April 2010 - 04:01 AM
Costa
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