Technical Analysis not contradicting existing Analyst Buys/Strong Buys.
Stochastic and MACD technical analysis on TMSR are indicating (and reinforcing each other) possible buy signals, including today's 5.53X ADV (112,100 shares) -1/4. BID 11 3/4 ASK 12; SIZE 10 x 20.
TA MACD is positive and Stochastics are giving signals TMSR is oversold, both indicators, of which, are suggesting TMSR may be close to a breakout. Of further significance and further reinforcing these two statistically significant indicators is TMSRs June-present basing period and support around $12/share. The alarms have not gone off on these indicators as Strong Buy indicators, as no breakout has occured to trigger them, but they support and do not contradict the fundamental indicators and BUY recommendations issued by Wedbush, Cruttenden, Black, Wedbush, and Van Kasper.
This post is merely to provide information and is not intended to give investment advise, but merely, that sophisticated technical analysis models (provided by Telescan's WallStreetCity.com) are also confirming TMSR may be close to a technical breakout.
We will continue to watch this closely and relay our thoughts/opinions/comments. |
