<could you be more specific as to how it shows in the chart before it hits wire? >
You didn't ask me, but since TA seems to be of some general interest, I'll butt in here....
Simply put, stocks react to news. When a stock spikes on enormous volume that is not due to general market conditions, as exds did yesterday, someone knows something, or thinks they do.
From a TA standpoint, exds is 'overextended' now, as it is way above its 10 day moving average of 92 and ready to test its all-time high of 110. Even if these acquisition rumors turn out to be false or premature, the stock could ride up further if the market has a huge day today, as I suspect. But in a normal market environment with no news specific to the stock, TA would tell us the stock is ready for some sort of pullback to some support level. These support levels are now high 90s, 88, 80 and 55. Which support level depends on a variety of factors. As the stock has exhibited strengh now for over a month, I would be surprised if we ever see 95 again. 98 is possible, however.
Just for fun, I will stick my neck out here. We have a huge day in the market and exds sails past 110 and ends the day at 120 on 250% average daily volume.
Wouldn't that be nice? <g> |
