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1daveinva (57.47)

WETF Bullish Signal!

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January 08, 2013 – Comments (3) | RELATED TICKERS: WETF

So I'm checking out the chart of WETF (I am long WETF already) because the price has finally started to move upward. I pull up the MACD indicator, and it's gotten way bullish, starting on January 4th. High volume, MACD pushing through signal line, and the stock is trading decidedly above it's 200 day MA. This trend should continue to a new 52-week high (over $9), IMO.

Take a look, see what you think.

3 Comments – Post Your Own

#1) On January 08, 2013 at 8:07 AM, 1daveinva (57.47) wrote:

I have to add that I based all of this on the 3 month chart for WETF.  I know if you look at 9 months or 1 year the oopposit e is true, but I stilll feel like it's in a bullish cycle.  Earnings will be reported Feb 3rd, so it will be interesting to see what it does between now and then (and after it reports).

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#2) On January 08, 2013 at 8:09 AM, 1daveinva (57.47) wrote:

I based my comments on the 3 month chart for WETF. The 9 month and 1 year chart do not show the same thing but I still feel like this  is a very bullish signal.  WETF reports Feb 3rd.  It will be interesting to see what it does between now and then and of course after it reports.

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#3) On January 08, 2013 at 8:10 AM, 1daveinva (57.47) wrote:

I based my comments on the 3 month chart for WETF. The 9 month and 1 year chart do not show the same thing but I still feel like this  is a very bullish signal.  WETF reports Feb 3rd.  It will be interesting to see what it does between now and then and of course after it reports.

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