The stock price in J2 Global is at a critical juncture:
- above the 50 SMA (but worth noting a falling 50 SMA)
- into the apex of this triangle
- Price is above the February lows
- RSI continues to rise, is above 50
I really like the CMF break here around Earnings. Also, look where RSI is curling up – history is rhyming.
– DM 10:20 AM CST
Gun control was in the news this week and you can see evidence of investor activity in the Weekly chart for Smith & Wesson $SWHC:
Now let’s add some crayon work:
– DM 8:30 AM CST
- RSI near 20
CMF at the lowest level for the year
Price is back to the June break-out level, a break-out back-test
I exited the IRA position this week but will keep an eye for a solid bottom to form.
– DM 11:00 AM CST