Cirrus Logic (CRUS) has drifted well below the 20-week moving average and has now reached a level of role reversal support. This, combined with the fact that we are seeing a spinning top that is very close to a doji on the weekly candle chart, tells us the buyers are starting to move in. Our target price is set at the moving average.
Options Oracle: 05/29/13
Posted on May 29, 2013 by AJ Monte in Options Oracles
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