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.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions given to the reader. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains occurred from trades that use its material.
- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade.
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment