Wednesday, April 15, 2015
I haven't been overly thrilled with this one as there hasn't been much push following the 6.00 breakout. I thought I would sell this for a small gain and raise cash rather than wait around. I think this could be a decent entry but needs a sell off first or some more sideways action.
I kept hoping this would find some traction as it is on a nice monthly breakout its like a drip. At some point you just have to call it and my stop was hit. I'd look for a bounce at the 10Week but thats still quite a bit lower. I tried to dip buy but on small shares and this was more like a drip so let's call it a day.
NDRM pulled back today but a 6 week, b/o has still held. I decided to wade in on this pull back although it is not my traditional breakout buy, I waded in @ 14.75.
NDRM is presenting a paper at a national conference and since the PR talked about initial positive results, its a fair assumption that the results will be positive. From a chart perspective I like how the Weekly 4 has held the closings and the weekly 10 has held the lows. This stock is also a low float and has shown that it what it is capable of in December.