MRVC Double 50 DMA Bull
M R V Communications (MRVC) has setup a nice double 50 DMA – 50 day moving average -Â bull flag. The keys that make this pattern relavent include the uptrending 50 DMA and also the strong volume support when bouncing off the 50 DMA. Making a play on this stock is simple, buy as close to the 50 DMA as possible, and place a stop below it. Currently MRVC is trading around $3.53, so if you bought here a stop at $3.30 would be sufficient. You could also wait for a high volume break above $3.80 to take your position.
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