MIND Breakout now !!!!
Wednesday, September 05, 2007
Shares of Mitcham Industries are trading very well today reacting to the earnings reported announced yesterday that topped Wall Street expectations by demand for seismic equipment, including Russia. Company also raised its fiscal 2008 sales outlook. Stock is at this moment moving up more than 4% to a new 52 week year high, after closing up 55 cents at $19.86 in regular trading. Technically speaking, stock is now in a breakout mode after broken $20.25 area, with no resistances above. Indicators are showing also a strong performance with RSI reaching Overbought level, so keep an eye on MIND. Chart look Bullish !!!
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples
Labels: MIND
