OTCPK:JENGQ - Post by User
Comment by
steam73on Feb 11, 2013 1:19pm
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Post# 20969632
RE: 10 cent dividend tomorrow
RE: 10 cent dividend tomorrow
Stock is slightly lower today, I am encouraged that the share price appears to be stabilizing.
Ex-dividend date is on Wednesday, we may see a bit of downward pressure on the stock come Wednesday.
However, the RSI and Bollinger bands indicate this stock is in an oversold position. The MACD is bearish but there is a wide negative divergence, which indicates the stock is in a position for a rebound in the price. Short term, I would expect that this price will converge with its 20 day moving average and be in the $9 to $9.50 range in the next couple of weeks.
Steam