As requested. Rotary's recent price movement has corresponded nicely with its short-term support at the 50MA line. Coupled with declining volume, it looks to be consolidating well. Support is along the 50 moving average line (blue) and .82 , res at .945 region. Interesting volume to take note of along with price increase is in excess of 8 mil shares. RSI reading is on the verge of turning up from over-sold region whilst MACD is showing price momentum about to turn positive.Friday, March 16, 2007
Rotary
As requested. Rotary's recent price movement has corresponded nicely with its short-term support at the 50MA line. Coupled with declining volume, it looks to be consolidating well. Support is along the 50 moving average line (blue) and .82 , res at .945 region. Interesting volume to take note of along with price increase is in excess of 8 mil shares. RSI reading is on the verge of turning up from over-sold region whilst MACD is showing price momentum about to turn positive.
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1 comment:
breakout today 22 Mar 07.
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