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Friday, May 7, 2010

This week's EXAS report

So the company released earnings yesterday. Their revenue was higher and they posted a lower loss than the same quarter in the previous year. The link with the full report is above.

The company had two presentations this week. Yesterday's crazy trading did not have an affect on the stock's performance.

The stock is starting to form a downward trend and putting pressure on the $4.00 support line. This is also where the 100 day moving average is located. It would be a bad omen if the stock crossed the 100 day ma. Volume has been fairly stable.

So right now the account will continue to keep the stock and will monitor its performance.

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