Friday, June 14, 2013

Vard (technically)

Vard: technically, Vard remains on a longer term down trend. However in the near term, direction is mixed, as the counter whipsaws around the $1.10 level ( a historical key support/ resistance level). RSI and MACD have also begun to flatten out, which suggests the stock may remain in the $1.00 - 1.20 trading range for the time being. A break out in either direction would offer a clearer signal as to where momentum is headed next.

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