GSVC Bounces off of 200 MA to Preserve LT Trend

4 déc. 2013

As I posted a while back with the stock in the low 12s, GSVC was in no man's land until it reached the 200 day moving average. At that level, it would probably be a good time to try a buy with a tight stop at $10. Today we got the bounce in gsvc, however, the volume is still too low in the name to confirm a clear bottoming pattern. For those who would like to try a long, use a stop at the 200 day moving average at $10.4. MACD does look like it will cross and RSI looks like it is recovering from oversold. Just be careful, have a stop at the 200 day, and watch other stocks in GSVC's portfolio such as TWTR, CHGG, VMEM to see direction that this may go.