Back in January 2012 AOL, AOL, came onto the radar. I noted the potential for this sleepy stock to break consolidation around 16.50 and over 14, and rise as high as 21.40. It did that, stalled and then just kept stair stepping higher. Well, it is looking like the latest step is coming to an end and it may be time to take that next step higher. Take a look.
AOL, AOL
The stock has been following the rising 50 day Simple Moving Average (SMA) higher since gapping higher out of consolidation after reporting earnings on February 8. It has been building an ascending triangle using that 50 day SMA with a top at 40. A breakout above 40 carries a target higher to 50. And I thought 21.40 was a lofty target back then. The Relative Strength Index (RSI) is bullish and turning higher while the Moving Average Convergence Divergence indicator (MACD) is flattening after a pullback on the signal line while the histogram is improving. And despite doubling since I first wrote on it, it has a Short Interest over 10%. So what do you think? Time to check out your old AOL account?
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Time To Check Your Old AOL Account Again
Published 04/24/2013, 01:38 AM
Updated 05/14/2017, 06:45 AM
Time To Check Your Old AOL Account Again
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