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ATRM
Double bottom. Reaching to call this a DB, but showing excellent action
coming off the bottom of a 14 week base. ATRM undercut the 200 day SMA
(5.43) in August, failed to take it out in late August, and faded back.
That formed the ‘hump’ in the pattern. Friday the stock surged through
the 200 day and 50 day EMA (5.58) on a strong volume surge. Strong money
flow is leading higher and accumulation is already at 3 to 2 (3 up price
weeks on rising volume to 2 down price weeks on rising volume); it will
only get better as it moves higher.
Volume: 226.705K Avg Volume: 167.887K
BUY POINT: $5.87 Volume=300K Target=$8 Stop=$5.42
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