SGX (technical)

SGX: Trading Central’s technical pick of the day. Says the stock is moving steadily to the upside, with the 20day MA well above the 50day MA, and both moving averages rising. Sees strong momentum and an upward near term trend. Likes that RSI has made a bounce back above the neutral 50% mark. Believes further upside likely to $7.10 and $7.35 in extension, with support at $6.85.