Short
A H Belo Corp (AHC) 52 week high analysis
AHC saw a 13% increase after rumors of acquisition talks which can be found bizjournals.com/dallas/news/2016/09/23/report-gannett-weighs-acquisition-of-dallas.html?ana=yahoo
Price spent most of 2015 selling off, finding balance around the $5-$6 area until July 2016 when it reversed. Since then its broke out to the upside and recently hit the 161.8 Fibonacci extension as well as a former trend support line now acting as resistance. Watching for balance to form soon, and if rejected going short.
Price spent most of 2015 selling off, finding balance around the $5-$6 area until July 2016 when it reversed. Since then its broke out to the upside and recently hit the 161.8 Fibonacci extension as well as a former trend support line now acting as resistance. Watching for balance to form soon, and if rejected going short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.