Friday was another great day for Zale Corporation (NYSE:ZLC) as it breached new highs. ZLC closed higher for a 6th day on very impressive money volume. The trend continued higher based on the strong technicals. On the daily chart, the RSI is showing overbought levels, suggesting prices could face increasing resistance, so a pullback in the stock should be considered a buying opportunity as it is clearly above its 13-day moving average.
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Zale Corporation (NYSE:ZLC)
Started by
Costa
, Sep 01 2012 05:54 AM
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#1
Posted 01 September 2012 - 05:54 AM
Costa
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