Posted On: 07/08/2014 10:59:07 PM
Post# of 2561
IGRW Daily Chart ~ Still on Watch
IGRW did bounce off the MA200 after my June 29 post about looking for some support their. Unfortunately, the stock hasn't been able to break above the resistance of its declining tops line, which is very well reflected with the MA7 (white squiggly line). In the meantime, the FullSto and MACDs are in oversold territory, so it would be appropriate to put the stock on watch. The RSI is beginning to show some support just above its 30 line. The stock has held .02 twice in the last 1.5 weeks, so a bottom appears to be forming. GLTA
IGRW did bounce off the MA200 after my June 29 post about looking for some support their. Unfortunately, the stock hasn't been able to break above the resistance of its declining tops line, which is very well reflected with the MA7 (white squiggly line). In the meantime, the FullSto and MACDs are in oversold territory, so it would be appropriate to put the stock on watch. The RSI is beginning to show some support just above its 30 line. The stock has held .02 twice in the last 1.5 weeks, so a bottom appears to be forming. GLTA
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