Here is a weekly which shows the strong breakout on EXT.
I have used a weekly Chart with 20 and 50 Day EMAs....you can see that the weekly candles have almost always closed above the 20 period MA.
* Also note the strong Bounces after testing the 50 Day MA on 2 occasions recently.
* Friday was a massive Break out following an 8 week consolidation phase after recording a weekly high of $5.
* Note the importance of the weekly break of the $5 level, as this was attempted and failed a total of 4 times. Therefore should now be a strong support level.
* Daily MACD is also looking to cross up.
Technically looks great and i get a measured move to around the $7.60 level.
Alot of things going on behind the scenes here so anything is possible.
One thing is for sure though there is absolutely no reason to sell this stock.... Good Luck to Holders.
EXT Price at posting:
$5.46 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)