AMP 0.37% $1.34 amp limited

Hi Firky,As mentioned elsewhere AMP broke from an ascending...

  1. BSA
    587 Posts.
    Hi Firky,

    As mentioned elsewhere AMP broke from an ascending triangle at $5.70 the projected target was $5.88, this in itself was no huge move, however it has taken AMP back up above the $5.80 resistance which has thus far now proved to be support. The previous 2 attempts above this level failed quickly, so a hold above $5.80 is a positive, of course it could always drop below as the stock gaped up above $5.80 and gaps are often covered over. It may noodle for while before/if moving North have to wait and see, brokers have a $6.20 target over the year, but with a little over exuberance it could go higher. I dont know what it is going to do as I refuse to say any stock is definitely headed north or south, but will trade the price action.

    Cheers
 
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