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Sunday, October 18, 2015

Charts - $xon

Thanks to Bill Miller, this puppy has premium. But its caught in a negative trend. 

Bouncing off the 20sma and will most likely push back from the 200sma.

A look at the weekly suggest 27ish would be interm bottom. Last time it went below the 50sma on the weekly, it went ~30% below it. At the current 50sma level, this suggest a stock price of around 27.

Will look to enter near 27-28. (But will look to unload near 40-42.)

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