Terry, I don't see any reason for concern yet with AWRE. There still isn't any decision, one way or the other. The stock is still in an uptrend but if it should start coming down, watch the 10 day moving average line.
Each time AWRE has tested this line, it has rebounded. A close below it would be bearish.
stockcharts.com[h,a]daclyiay[pb200!b10!b50!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3!Lc5!Ll14!Lj[$spx]]
In looking at the "weekly" chart, for a more longer term view, you have a bullish scenario as AWRE has traded above its 50 day moving average. This is very bullish! One consideration you have is to avoid any short term volatility and watch the weekly chart. As long as AWRE stays above the 50 dma, you're good to go.
stockcharts.com[h,a]weclyiay[pb200!b10!b50!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3!Lc5!Ll14!Lj[$spx]]
I prefer not to give advice, I prefer to show people what to look for so they can decide for themselves, however in this case, if it were me, I'd watch the weekly chart and ignore the daily, you may have some slippage if I'm wrong but you still get to keep a majority of your profits and you allow AWRE a little profit taking but anticipate in another up leg if it comes. Phew! What a long sentence. I should have bought some periods!
da-long-winded-bum |
