Cumulus Media Inc. (CMLS) Video Chart For Monday, August 6, 2012
The Cumulus Media chart made a solid move on Friday on a dramatic increase in volume. The chart is interesting because it has now climbed to an area of resistance while the indicators are leaning towards bullishness and signaling a potential overall reversal. From a broader perspective, the chart could possibly be in mid-stage for an inverted head and shoulders pattern.
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