Monday, March 10, 2008
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Welcome to Stock Geometry! This casual music and financial blog typically involves posts of music videos and candlestick stock charts looking at intermediate term trends. Think MTV meets CNBC. My positions fluctuate, but I’ll always disclose positions in posted stocks. You are responsible for your investments! – Dr. pythagoruz
2 comments:
Hi Pyth, would you care to comment on the price action of Omnivision Technologies, OVTI? It's been sticking to $17.25 in a really bizarre way over the past few days.
Very interesting chart there. The stock seems stuck to $17.25 as you say, even while the broad market is flying all over the place. That narrow range looks like a consolidation pattern before some news event. Since the intermediate term trend is higher i would guess it breaks out to the upside. With the 200 dma just above at 17.80 OVTI could have some trouble moving higher. A close above 17.80 would be very bullish.
Nice chart in an ugly market.
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