Thursday, March 28, 2013

Olam (technical)

Olam: Trading Central notes the stock remains bullish above a rising trend line. The 20 and 50 day moving avgs are turning up, which should maintain buying pressure on the stock. Also RSI has rebounded from its neutral area, indicating further upside. Tips as long as $1.61 (trailing stop loss) is not broken, look for further advance to $1.84 and $1.92 in extension.

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