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Sunday, March 2, 2014

Sign of life for NXT?

NXT closed last friday with a solid small green that bounced from the lower part of Bolinger band. Does it mean that this stock will reverse? Based on the daily chart below, it has an immediate resistance at 2.50 where a lot of activity happened in this area. Also in the RSI below, you can see that it has bounced also and the current value is at 40 which is far from overbought.

Good luck.




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