Friday, June 28, 2013

ISDN (technical)

ISDN: the stock's 12x increase from $0.115 at the start of the year to $1.445 at the peak in mid Jun, makes it vulnerable to volatile retracements such as the one we saw last wk. The sliding technical indicators suggests near term weakness, though there are multiple levels that may kick in to offer support - $1.10 (10 Jun retracement close), $1.00 (50day MA), $0.90 (close to 8 Apr peak). From a technical perspective, would reassess toward a more bullish near term position only when the indicators reverse back upward.

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