tsx_trader

Playing a reversal swing on MGI

Long
NASDAQ:MGI   None
There was very large insider buying which creates a huge floor "support" for the price. They are purchasing back 50 million dollars worth of the outstanding stocks

finance.yahoo.com/ne...ntary-140000914.html

Additionall, the RSI looks like its coming out of the oversold zone.

MACD reversing below the zero cross.

We had two days of above avg volume.

I have not done much DD - It is a swing trade only. Stop loss at 4.9
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