I expect some investors dumped stock late Friday to close out positions on what is a more volatile stock and take a holiday. NCM just got caught up in end of year squaring up portfolios. From here on we're trading in thin markets for a few weeks where the prevailing direction is exaggerated . As the chart has turned up for ncm I expect that direction to continue without a sufficient volume of selling to hold it back. That's a premise of my open long trades for the moment and subject to any extraordinary world events, expect a steady climb from here on light volume.
NCM Price at posting:
$10.75 Sentiment: Buy Disclosure: Held