UPDATE: Took no position as this gapped up and moving down with light volume
. Will evaluate at end of the day (10/6/14) to determine if downtrend is reversing. At end of the day price closed nearer low of the day than higher of the day. Will buy once Stoch
. is aboe 20 and RSI
Going long for a quick move to resistance at 8.37. Looking at .10/1.26% risk vs. .38/4.78% reward. Daily shows a Bullish Engulfing candlestick
but caution is required as volume
was lower than last three days.