Friday, November 1, 2013

$AMCC Stock on Watch...By Anthony Calhoun

This stock is worth keeping an eye on for a trade to the 20SMA.  Remember good money managing and the overall market conditions.

$AMCC has an 11% business gap to the 20SMA and 24% to last high. Earnings has already been reported on 10/24. The Stochastics has crossed over and still oversold. The Macd histogram is heading up.  The 3SMA looks like it will crossover the 5SMA soon.  Before I enter I will need to see the 3SMA crossover the 5SMA.  

The stock does have 85% institutional holdings.

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Good luck God bless.
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