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[Costa]

With Friday's action, the stock closed above the downtrend line and its 50-day MA, but the margin is close enough to leave plenty of doubt.
Now, the stock needs to stay above that line and its 50-day MA to convince the bears to shed their costumes and join the bull crowd. Looking at the chart I continue to see some resistance at 9.23 and further resistance at 9.5. Once these levels are cleared on heavy volume the bulls will have won the tug of war and we will again resume the bull phase. Additonally, the stock has finally got a bullish macd cross. Stay tuned on PHM.