Wednesday, May 29, 2013

SMM (technical)

SMM: Trading Central notes the stock has bounced off once again from its key support at $4.15, and may continue to post some technical rebounds in the coming days. The RSI has reversed up, and broken above its neutral 50% level, and the 20day moving avg has initiated a positive cross over the 50day one, providing support roles. Believes that as long as $4.15 is not broken, look for a continuation of the rebound toward $4.60 and $4.85 in extension.
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