Excellent that it has poked its nose above this level over the past couple of days.
Semms like there is a battle on to contain the s/p - maybe short positions vainly trying to be protected.
I would expect some 'see-saw' churning above and below $30 until NCM finally breaks free with an end of week close clearly above $30 on reasonable volume.
I would hate to be short NCM at the moment - aking to the little Dutch boy with his finger in the dyke hoping to keep out the mountainous sea that will eventually break through.
The $30 barrier will ultimately fall ... imo ... by Xmas .. or well before. If not there's always 2009 :-)
NCM Price at posting:
$29.98 Sentiment: LT Buy Disclosure: Held