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Adams Golf (NASDAQ:ADGF): Showing Positive Technical Picture

|Includes:Adams Golf, Inc. (ADGF)
 

Starting in mid July the price of Adams made an important bottom, and if you are a technician you look for signals in price action, volume and pattern recognition.  Golf sales at companies like Adams probably are a good indicator if you are monitoring consumer demand for the general economy.  Adams has about $1 in cash on the balance sheets and is trading under book value current based on my calculations so I am keeping an eye on them.

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Disclosure: No positions
Stocks: ADGF