Just what I want to See

Today open is playing out perfectly. Price is holding the 50 day simple moving average. The 5 day moving average is about to cross the 50. The moving averages are moving into proper alignment which we must see to get a sustained move. Yesterday price blew though my 16.60 target….so I didn’t sell the 1/4 (250) shares as planned. No reason to fight the momentum.

Friday is ex-div day…which means at least a $.24 price drop if not more on Friday…TSI, MACD, and ADX all have room to the upside. RSI is sitting at 60. RSI hits 70 and it be wise to lock in some of that profit. Wait and see….

cefl1208

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