Thread: MOO... good long?

Do you guys think MOO is a great long term buy?

Sure. Milk it for all it's worth.

sorry...

Hi...I won't do a complete TA but I will show the P&F chart which gives a long term view



The stock is currently right at a resistance point of $26.50...it just passed a minor resistance at $26.00 which is a good sign but as a support though this is quite weak at this time. The next resistance is at $28.00 and this one will be tough to pass...then onto $29.50 and then $30.50 before it leaves the quagmire of resistances for a while.

I would say it is a definite turnaround if you cleared the $29.50 level. Support is at $23.00 and then $21.00 to $20.50 range....you don't want to fall below that.

so to answer your question....it is hard to say if this stock is a great long term bet at this point....there are a series of resistances to pass through first....clear them and you may well be on your way.

hope this helps