In the Bargain Bin: American Oriental Bioengineering [View article]
Anybody else been watching the chart of AOB lately? I'm no expert at technical analysis, but it looks to me as if it's trying to break through an 11-month downtrend line. I bought some at $4.28 yesterday, and I may try to snag the other half tomorrow if the price action is good. The volume needs to pick up, at the very least. My guess is that $4.14 will be the make-or-break price for a continuation of the move higher in this stock. I suppose their Q1 earnings report on May 7 will dictate whether this stock is really a "bargain" at these prices.
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Anybody else been watching the chart of AOB lately? I'm no expert at technical analysis, but it looks to me as if it's trying to break through an 11-month downtrend line. I bought some at $4.28 yesterday, and I may try to snag the other half tomorrow if the price action is good. The volume needs to pick up, at the very least. My guess is that $4.14 will be the make-or-break price for a continuation of the move higher in this stock. I suppose their Q1 earnings report on May 7 will dictate whether this stock is really a "bargain" at these prices.
Apr 28 19:58 pm
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All Comments by drbob66 »In the Bargain Bin: American Oriental Bioengineering [View article]