NSPH Daily Chart ~ A Strong Week Behind Us After
Post# of 2559
Posted On: 11/17/2013 5:05:31 PM
NSPH Daily Chart ~ A Strong Week Behind Us
After trending in a channel from the 1.80s to the high 2.10s, NSPH finally broke to the upside this last week. I entered between the high 2.10s to 2.238. The break above the lower gap line at 2.19 was the signal that NSPH might begin an attempt at filling the gap of early August. As I mentioned on 11/13, NSPH was almost my pick for the MVP Big Board Contest but I chose USU instead. I noted the MA100 at 2.37 and the MA200 at 2.58. The MA100 was pierced on Thursday and surpassed on Friday. The MA200 was hit and the stock pulled back on typical Friday afternoon profit taking. It will now be important to get over the 200. Should that happen on strong volume, the gap fill to the 2.90s would almost become a certainty. For now, those holding NSPH with me should be up anywhere from 10% to 21%. A couple of others who entered the previous week, after reloading near the bottom of the trading channel are up close to 30/35%. A nice return for a big Board swing so far. GLTA
After trending in a channel from the 1.80s to the high 2.10s, NSPH finally broke to the upside this last week. I entered between the high 2.10s to 2.238. The break above the lower gap line at 2.19 was the signal that NSPH might begin an attempt at filling the gap of early August. As I mentioned on 11/13, NSPH was almost my pick for the MVP Big Board Contest but I chose USU instead. I noted the MA100 at 2.37 and the MA200 at 2.58. The MA100 was pierced on Thursday and surpassed on Friday. The MA200 was hit and the stock pulled back on typical Friday afternoon profit taking. It will now be important to get over the 200. Should that happen on strong volume, the gap fill to the 2.90s would almost become a certainty. For now, those holding NSPH with me should be up anywhere from 10% to 21%. A couple of others who entered the previous week, after reloading near the bottom of the trading channel are up close to 30/35%. A nice return for a big Board swing so far. GLTA
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