MCIO formed a beautiful weekly pup breakout as pointed outlast week on the $2 trigger breakout to peak at $3. MCIO pulled back to test 2.15 and closed out the week at 2.70with a TIGHT .05 spread 2.65 x 2.70. Tightening spreads is always a good sign that buyers are gettingrestless. The daily stochastics on MCIO peaked at 100 band andretraced as MCIO also peaked and coiled back above the daily 5 period ma. This sets up for a basing period before thedaily stochastics winds back up off [...]
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[Source: The Money Blogs]
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