Wednesday, September 7, 2011
KADR - Close to Mounting a Rally?
KADR is a stock I think deserves some watching over the coming sessions for a potential short term reversal. The stock at $.0246 is a few ticks off its all-time low. I think the stock will at least get a dead cat type bounce, if not something slightly more sustainable.
The 50DMA rests at $.05, which would be my first target if the stock decides to rally. That would be a 100% move from current prices. The 200DMA is at $.16, a much loftier price. Let's see if this stock can get to $.05 first before looking at higher price levels.
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