【RSS】The Stock Wizards
BLOKA — Blockbuster, Inc.
Is Blockbuster ready to make another surge higher? The stock has traded above the 20-day moving average for the last five trading days, and now it could be ready to breakout and make new short-term highs.
TSW will be watching the .21 cent resistance area but more importantly will be looking for Blockbuster to challenge the 50-day moving average at .24 cents this coming week. The breakout above the 50-day moving average can produce some big momentum runs. TSW will be monitoring this event very closely.