Morning Traders
Bought me some Iomart yesterday:
*In the Software and Computer Service's Sector, up 33% since August 2011. Part of Cloud Computing Services (next big thing amongst all those corporate co's and their IT services so a "hot sector")
*PE typically high for a company in this sector around 45
*Lovely uptrend since August 2011 and has shown a bullish flag for the last month. Think we 're seeing a move out of this bullish flag to the upside
*Chart shows a marked breather last few days with a Hammer on 26/03/2012 marking out a bottom for now? Good volume on the 27/03/2012 which would suggest the Hammer has allowed buyer's back in
*Stochs/RSI turning up, ADX 27 so a strongish trend in place
*MACDs about to cross and under 0 with the MACD Histo now also turning positive
*Doesn't like staying below that 50EMA and 200EMA hasn't been hit for over 2 years
KullyB