Post by
BoldForbes on Jul 11, 2017 10:04am
50 & 200 Day Moving Average
It has been almost 13 months since the 50 day moving average was above the 200 day average and both were positive.
Currently, the 50 Day moving average is positive and above the 200 day average. The 200 day average is flattening out and in a short-period should turn positive. Generally, these are good momentum signals for AXY's stock valuation.
To back up the valuation and momentum, it would be great to see continued support and new projects continue to be lined up.
Bold Forbes
Comment by
BoldForbes on Aug 02, 2017 4:22pm
Random coincidence? I just ran some back of the napkin numbers; If AXY stays range bound ~5.87 for close then the 200-day moving average would bottom out and potentially turn positive on the 11th. You would have the 50 day and 200 day averages positive for the first time in a long-time (~14 months) The earnings call is the 11th... Hmmm, BF