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Hey everyone, Just registered w/ this site. Been reading alot of helpful info so I thought i'd share one that I picked up earlier this week; think its still got alot more room to grow. Let me know what you all think. AUCC.Pk
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This stock is at a very dangerous short-term point right now. The MAs have been parallel for a very good period of time, indicating that the price will either spike up or spike down. My gut feeling is that it will be down because the price is below the 200 and 100 MA's, yet it's parallel to the 50MA.
If you look at last Tuesday's MAs, they began to spread apart on the upside when the red 50MA was on top. This time, it's on the bottom.
If you look at the way Friday closed on GTE, the MAs spread apart with the 50 on the bottom, and the stock price started dropping. The MAs earlier in the day were lined up in the exact same way that the ones on AUCC are lined up now.
On AUCC, if you don't have access to live line charts with MAs, watch to see if a slight drop occurs and sell if it does. It will be an indication that the MA's are spreading. (If you do know of a place that has live charts with MAs on it, please let me know.)
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