Price move supported with volume
posted on
Feb 28, 2008 03:54PM
For the past 3 days I have been so busy doing other stuff that all my plays have absolutely taken off!! KRY not only blew though the 30 and 50 day MA it did it on increasing volume. (235% of its 50dma avg vol) I have always said that if a move in stock price is not supported with volume then it amounts to nothing more then a head fake. Today was very good. Yes supported with a new release. It was very nice to see management front and center. As I said last week, along with many others, I felt something was up and we are now seeing action that supports a much better value for our KRY. We are not there yet so keep the faith. Now bring on the permit!