/biz/ - Business & Finance

>>12048597

Hokie dokie. I gave it a look and I don't like some stuff about it from the perspective of a medium length swing trade. If you're more of a long term investor, strategy is a bit different than what i'm going to talk about here. Volume is increasing on the descending trend. Not by a large amount but it makes me nervous. Two key resistance levels to break to confirm a bullish reversal; one at ~113 and another a ~116. There is something positive going on with the lows though. Three long term higher lows that fit a trend line (April, November, December).

You could either buy around that low trend line and stop loss below the $97.50 support for a fairly aggressive entry. Or wait for confirmation to see if it at least breaks the $113 resistance on decent volume. Speaking of death crosses, this stock is approaching one in coming weeks if things don't turn around (50 day moving average crossing below 200 day). Also consider whatever is going on in the vidya sector right now. I don't in to the business of vidya and have no idea.