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| Gator's Chart of the Day: CMG |
It is hard to argue that the chart is not "extended" ... but if you had bought any close approach to the 20 day simple moving average in the last three months you would be a happy camper. Such an opportunity presented itself yesterday. With the 20 day sma at $385 and just $7 (1.8%) below the closing price, starting a small position with a stop just under the middle Bollinger band would be a low risk trade .
