Monday, April 30, 2012

GLP

GLP: Technical Sell Call by UOB Kay Hian. House maintains SELL with $1.95 TP. Note that stock has formed a lower high and lower low, and could be trending further down. Both the 20-day and 50-day EMA appear to be turning down. The daily Stochastics indicator has turned up but the MACD indicator appears to be trending down further. The alternative exit for this long position will be if the stock rises above $2.20.

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