MRVC Shoot Up Over 12%
Posted on Tue 16th Jan, 2007 11:38:49 AM
Our call on MRV Communications (MRVC) has now panned out huge. If you didn’t catch the double bottom off of the 50 DMA bull flag, you can find the original MRVC chart we posted here. After Intercontinental Exchange (ICE) gave us over 20% gains, this blog is officially on fire! Regarding MRVC, if you still hold your position this would not be a bad time to take some money off the table. Typically you will find the gap up tested as early as tomorrow and the rest of the week. Anything sell above $4 and you have a high probability of buying back at a lower price.
