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Tuesday, April 7, 2015

Charts $xon

Bill Miller's conviction on XON, got me looking into it. XON has a hell of a lot of info to absorb, fundamentally. Still working on fully understanding it's potental. In the mean time, I'm observing its trading dynamic. 

Technically, the stock looks really interesting. The 20sma failed, and now its testing the 50. Could bounce around here, until the weekly 14sma trend continues.

Unfortunately, until there is a better handle on the fundies, not really sure where the market cap belongs on this sucker just yet. So the trades are purely technical.

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