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Nice rounding cup. Nice rising 50 day moving average. Nice volume at the breakout. Nice follow on accumulation. Nice 92 RS number. Nice ROE. Nice forward estimates.
Normally I would be itching to buy this, but the action in the last eight days give me bad vibes.
Abe
the fact that the stock only trades 55k shares and it's a $12 stocks doesn't bother you
Post some charts of your own.
@thinkbigr you are right, the thin trade would bother me if I was coming down to a buy decision. 55,000 is too iliquid to trade and there are thirty minute bars where no trade occurs.
Still the thin ones do tend to follow the CAN SLIM rules as well. I find this one worth examination because of the very many CAN SLIM attributes.
I usually don't mess with anything illiquid and low priced a lot because i am still learning/beginner.Is there any guide lines/rules you use for thinner stocks than you would with more liquid higher priced stocks?
I don't buy them.
That was easy.Thanks
So Guidance has predictable fallen apart. I think that a few people got caught up in the fact that GUID is so thin, and missed the point that this post was to highlight a type of behavior that can show up in any stock.
Being quick to the eight day lows or quick to the eight day highs can be a powerful indicator.