No offence I here so much about MA'S on this site I only use them as a filter application nothing more. For example some may use 8/13 ema which may work solely on a particular stock if in an a long term uptrend. At some stage a stock will fail to be profitable on this technique just as backtesting so many other majors.
As far as the short term move is concerned you have resistance at 99 & 102 barely worth it for 5 ticks or thereabouts . The stock has been in a consolidation range between 90 & 100 for roughly the last four months.
Is the stock trending up in short no. Better options out there imo. Just an observation not a criticism.
cheers
CPA Price at posting:
93.2¢ Sentiment: None Disclosure: Not Held
