MAJOR : A break > 12.60 places 13.20 as first target.
February 15, 2011 Leave a comment
MAJOR is another counter enjoying the return of institutional buying after a 7 week correction from the early December high at 13.60. The stock has key near term support at 12.30, is currently trading at 12.60, and faces an important resistance at this level. A breakout, and better still a daily close north of 12.60 will likely see the stock rally to 13.20 or so rather quickly. Follow buyers take note.