Monday, February 21, 2011

ACI 8.10 Steps


Interesting chart, since the '08 bottom it seems to have been trading within various trading ranges, each having an interval of 8.10 higher than the previous.  If history should repeat itself, ACI should remain under the 35.85 level for another 5 months or so, trading in the 8.10 range.  However, a triangle also seems to be forming where it currently sits, and a rebound in the 32.30/50 level could send this stock right through the 35.85 level.
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