MKTY is Pick of the Day - Up Over 52% Since Yesterdays First Alert
Here is a link to one of our alerts yesterday for MKTY:
Today looks like the stock could be getting tired. It had a monster move yesterday, closing up over 63%. So far today MKTY has been up 8% but is now showing signs it may be getting tired. We would begin to step out of this stock this morning (At time of this alert - 9:50) with such a monster move since TheSUBWAY first alerted you.
MKTY temporarily broke into the higher support level of $5.29, but has since pulled back this morning. There seems to still be some institutional buying, but there is definite selling pressure coming into the stock this morning.
The Stochastics are very high already, so we are looking for a pull back in MKTY. Volume is higher than average but seems less than yesterday. We are looking at the 200 day moving average to be a key point in MKTY. If selling pressure continues to build as it meets the 200 day we would expect MKTY to continue this mornings downward slide.�
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