Monday, July 25, 2011

UOL

UOL: Trading Central (Bloomberg) has a Technical Buy Call. Note that the upside prevails as long as $4.93 is support. Add that RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (standing respectively at 4.94 and 4.93). UOL is currently trading near its 52 week high reached at $5.04 on Friday. Next level resistance tipped at $5.15 and $5.21.

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