Well, we want to see consolidation, but we also want to watch things closely.  The new debt offering today is positive news and bodes well for future quarters.  While I would love to say with a degree of certainty that this equity can hold the $3.70's, I can't.  What I can say is that we will ride this upside wave until the technicals up here break down.  What we hope for is that support can build below.

We have moderate support at $3.73, and the next moderate level is all the way down to $3.50.  There was a point in time not long ago when the equity would dip down to the 13 day average and bounce up.  Today's action seemed to be a return to that pattern.  If that does happen we will see the EMA's from lower levels close the gap and move up.  A full convergence, if we consolidate here, is likely about 3 weeks away.  Depending on news, we could see a few pops here and there.


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Support and Resistance

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Exponential Moving Averages

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