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<blockquote data-quote="my2cents" data-source="post: 54675"><p>The 200 day moving average calculation is at the 76.21 level. Once the price breaks above this level, it may be considered as a buy signal. The stock price has been trading in a sideaways channel since the earnings figures were released on January 27th. Oddly enough, the trading range of that session seemed to set the channel over these past two weeks or so of trading. Who knows what the reason for the buying is, although sometimes one institutional buyer steps in and buys a large block of shares and others see that and think something is up and it creates its own little feeding frenzy. Not saying that's what happening today, but it could be, given the fact that there is no real news to trade on today.</p></blockquote><p></p>
[QUOTE="my2cents, post: 54675"] The 200 day moving average calculation is at the 76.21 level. Once the price breaks above this level, it may be considered as a buy signal. The stock price has been trading in a sideaways channel since the earnings figures were released on January 27th. Oddly enough, the trading range of that session seemed to set the channel over these past two weeks or so of trading. Who knows what the reason for the buying is, although sometimes one institutional buyer steps in and buys a large block of shares and others see that and think something is up and it creates its own little feeding frenzy. Not saying that's what happening today, but it could be, given the fact that there is no real news to trade on today. [/QUOTE]
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