Long
Playing a reversal swing on MGI
There was very large insider buying which creates a huge floor "support" for the price. They are purchasing back 50 million dollars worth of the outstanding stocks
finance.yahoo.com/news/moneygram-announces-15-million-voluntary-140000914.html
Additionall, the RSI looks like its coming out of the oversold zone.
MACD reversing below the zero cross.
We had two days of above avg volume.
I have not done much DD - It is a swing trade only. Stop loss at 4.9
finance.yahoo.com/news/moneygram-announces-15-million-voluntary-140000914.html
Additionall, the RSI looks like its coming out of the oversold zone.
MACD reversing below the zero cross.
We had two days of above avg volume.
I have not done much DD - It is a swing trade only. Stop loss at 4.9
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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.