ZAGG made a good move upwards and I will be watching for a breakout above the 50 Weeks MA.
increasing volume in Weekly chart is considerable.
what is the next stop ? 6.00 or 3.50 ?
we will see.
( my personal view, this is not a trading advise )
Chart Analysis aside, there is a bidding war for Zagg with a reported offer of 9$. Zagg values themselves at least 10.50$ and want to close a deal by November. Potential for 40% gains within a couple of months here.
I did an earlier Idea on this stock and noticed that my trendline and fib could have been off a bit (it's what happens when you've be staring at charts too long :-). I am watching this trend to see if it breaks and falls to previous levels of support or if it continues on its upward bullish path.
If it bounces, i will enter the trade at 20.00- 20.75
The Current stock price is above both the 150 day and 200 day moving average.
The 200 day moving avg line is trending up (for at least one month) early in the year.
The Current stock price is trading above the 50 day moving average.
The current stock price is at least 30 percent above its 52 week low. (3.5x years low)
The current price is within 25% it's...