KMC : Big barrier from 0.56 to 0.58
June 13, 2011 Leave a comment
Much like SIRI, it could offer a short term trade if volume picks up a bit and a market maker is at the help, intent ramping KMC.
The stock has strong price resistance at 0.56 to 0.58, but a test of the upper range here is certainly possible. A punt from 0.52 or so might tempt some, but if there are no signs of a sudden increase in volume it will be best left alone for now in our view.