IORG Daily Chart ~ Up 97.83% Today....... For t
Post# of 2559
Posted On: 05/24/2016 6:53:29 PM
IORG Daily Chart ~ Up 97.83% Today.......
For those following along, on May 21, link back to Post #2279: http://investorshangout.com/post/view?id=3766405).
I mentioned that the technicals for IORG appear to have reset and that a positive crossover was about to occur. The stock traded to an intraday low of .23 yesterday, and responded today with a gain of 97.83% to close at .455. It's maybe a day or two too early to say, but it sure seems that a reversal is underway. The RSI, after falling from the Nose Bleed Levels of 70+, has bounced off of near oversold levels, while the Sto has crossed to the upside along with the MACD. Today's volume of 272,189, although not the highest in share count, was the largest dollar amount traded in the company's history. The share price also closed over its 20MA for the first time since mid April.
Congratulations if you have been following along and decided to take advantage of the .20s last week into yesterday. I will personally be adding to IORG on all dips and may not be selling for months. If you are concerned about the Stop Sign, it should be off in June. GLTA
For those following along, on May 21, link back to Post #2279: http://investorshangout.com/post/view?id=3766405).
I mentioned that the technicals for IORG appear to have reset and that a positive crossover was about to occur. The stock traded to an intraday low of .23 yesterday, and responded today with a gain of 97.83% to close at .455. It's maybe a day or two too early to say, but it sure seems that a reversal is underway. The RSI, after falling from the Nose Bleed Levels of 70+, has bounced off of near oversold levels, while the Sto has crossed to the upside along with the MACD. Today's volume of 272,189, although not the highest in share count, was the largest dollar amount traded in the company's history. The share price also closed over its 20MA for the first time since mid April.
Congratulations if you have been following along and decided to take advantage of the .20s last week into yesterday. I will personally be adding to IORG on all dips and may not be selling for months. If you are concerned about the Stop Sign, it should be off in June. GLTA
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