Posted On: 12/23/2013 7:02:06 PM
Post# of 2559
MRIN Daily Chart ~ New High Since the Pinch and Double Bottom
A solid move and close above the short term resistance of 9.98, although I would have liked more volume. The MA50 (blue squiggly) at 10.38 helped to hold MRIN with a 10.40 intraday high. A move and close over the 50, and I believe the next stop will be the MA100 at 11.59 (green squiggly). I'm liking our chances for further gains. GLTA
A solid move and close above the short term resistance of 9.98, although I would have liked more volume. The MA50 (blue squiggly) at 10.38 helped to hold MRIN with a 10.40 intraday high. A move and close over the 50, and I believe the next stop will be the MA100 at 11.59 (green squiggly). I'm liking our chances for further gains. GLTA
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