TheWallStreetShark

Long Position on XCO

Long
NYSE:XCO   None
0
The MACD has already crossed over and the RSI looks like it is on its way to crossover the 50 mark. Based on past trends, the stock responds well to these two indicators. I am going long at 1.07 and cutting my losses at a drop in price of 10%, or in simpler terms, at a price of 0.96.
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