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Politics : Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: slowmo who wrote (7)	10/3/2012 12:13:28 PM
From: The1Stockman	1 Recommendation Respond to of 14245

Hello Slowmo, Yes, ... I just started posting here, thanks for stopping by. I got back-in early Wednesday morning and haven't had a chance to review MUX in full, I took a quick look last night and I see its stuck at an average price of $4.63 over the past 10-trading days. Its seen highs at $4.85, $4.86, $4.87 and just recently, $4.89, ... the highest close its seen is $4.83 followed by $4.77. Seems to have a hard time breaking into the $4.90s, I still see resistance just below $5.00 and perhaps this is where its making its stance for the time being, its hard to tell if this is due to any particular reason, but as any stock moves higher, disgruntled sellers are lined-up to sell shares in order to break even or take some profit for personal reasons. I will post charts explaining my view of MUX soon, I'm still hoping to hear something on the R/O soon, makes me wonder if they are still in favor of offering it! ;-) James