GREY:MIGGF - Post by User
Post by
bnwon Aug 06, 2012 10:24am
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Post# 20187353
MGO Hitting Highs and Lows
MGO Hitting Highs and Lows Since early June, MGO has consisently achieved higher highs and higher lows. It recently tested its 200 day moving average but unfortunately fell back. Not a surprise in a down market. I'm hoping for a bounce off the 50 day moving average ($2.64) and another, hopefully successful this time, test of the 200 ($3.23). A breakthrough at the 200 should be the propellant needed to get this stock back to where it belongs. As for the market as a whole, there are signs, as yet unconfirmed, that a transition is in the works.