TSXV:ICAU.H - Post by User
Post by
Greenstakeon Apr 08, 2008 9:06am
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Post# 14948094
GXM getting bullish
GXM getting bullish - The 20 and 50 day moving averages indicate that GXM may be in a bullish trend. This is because the 20 day moving average is above the 50 day moving average.
- Friday, GXM closed above its 20 day moving average. This is generally considered to an indication of a bullish trend.
- GXM is trading near its upper Bollinger Band. This means that the stock price is high relative to the action over the last 20 days.
- GXM has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than is normal due to the low volatility.
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The MACD is presently bullish because it is above the signal line, a 9 day exponential moving average. However, it is beneath the critical level of 0, which means that the underlying moving averages are still bearish, but converging towards bullish.
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The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D.
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The RSI is currently at 61.04% which indicates that the stock is neither overbought nor oversold. You should note the trend of the RSI to see if the internal strength of GXM is improving or weakening.