I have an intra-day spike high for this week of 19.8c (not necessarily tomorrow)...and doubt it will get there without news however.
This is not a high probablity outcome however, with less than 20% likelihood according to my stats...but should the DOW rally tionight and perhaps news come to light, then I guess it is not out of the question.
Personally, I am much happier with small daily moves on relatively consistent volumes...especially through the current price steps.
Technically speaking however, today's VWAP of 13.85 compares favourably to yesterday's 13.27 and Fridays 11.91...in fact, today's WVAP is the highest since the intial failed rally in January, clearly suggesting the underlying trend is a net buy of stock.
Further, the consolidation of yesterdays breakout run, more or less at the high point of the latest surge, is very much indicative of a significant break brewing.
A good time to be fully exposed.
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
