Antonio’s Perspective
The stock made a new 52-week high again today but gave back some gains. The slope of the recent upward move is very steep accompanied by increasing volume. If the stock can break today’s high of $3.10, we should see a follow through move. Daily technical indicators are bullish. The MACD is rising above its signal line in positive territory while the A/D line remains in a long-term up trend. Keep it on the radar. Technically a buy on any dip.