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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (7513)6/27/2014 8:21:38 PM
From: Andrew~Read Replies (1) of 202736
 
Not sure, but the weekly chart is a good indicator as it gives a less congested image to the daily. Last week had higher volume (than this week) and MEI-V closed last week above the 50 sma and also tested resistance at 2.50. There was some delay/indecision after the news release followed by the move on Thursday (yesterday) to take it through resistance and the 200 sma. Additionally there had been some insider buying on 20th, 23rd, 24th and 26th (also today 27th).
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