Wednesday, October 31, 2012

AVG - No, not "average" ....

AVG Daily Chart (11:20AM)
Internet security has been getting some press of late and AVG Technologies has a dog in that race.  They use an interesting model that offers customers free service to establish a relationship.  Once the customer is on board the company attempts to up sell by offering fuller featured products.

The stock is consolidating just above the 50 day simple moving average and looks like it is poised to move higher.  We will see very soon as they have an event scheduled for after market today.  That's right this one reports tonight.

As info: I use their antivirus software on my PCs.  Of course I use the free version because it does a good job and I'm a cheap SOB.