Tuesday, January 17, 2012
Venture: Trading Central has technical Buy Call, with preference for upside to prevail as long as $6.34 is support. Note that the RSI is above 70. It could mean that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at $6.29 and $6.45).