Posted On: 12/06/2013 1:49:27 AM
Post# of 2561
MRIN Daily Chart ~ The Reversal Continues
Since entering MRIN between 8.79 to 8.94 a couple of days ago, the stock has reversed and hit 9.95, closing at 9.84 today. The pinch formation of the PPO/ADX continues to open up, and the divergence of the MACDs signals the potential for more upside ahead for MRIN. As I mentioned yesterday, I would like to see the stock close above the MA20 (aka middle bollie) which it did today. This has set the stock up for a possible move to the upper bollie and MA50 at 10.74 and 10.93. A bit stronger volume would be a good thing tomorrow. Should the volume not increase, I'll probably sell and lock in some nice gains from Tuesday's entries. GLTA
Since entering MRIN between 8.79 to 8.94 a couple of days ago, the stock has reversed and hit 9.95, closing at 9.84 today. The pinch formation of the PPO/ADX continues to open up, and the divergence of the MACDs signals the potential for more upside ahead for MRIN. As I mentioned yesterday, I would like to see the stock close above the MA20 (aka middle bollie) which it did today. This has set the stock up for a possible move to the upper bollie and MA50 at 10.74 and 10.93. A bit stronger volume would be a good thing tomorrow. Should the volume not increase, I'll probably sell and lock in some nice gains from Tuesday's entries. GLTA
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