Wednesday, March 21, 2012
THQI - Closes Above 50DMA
THQI took another step toward the $1 mark. The stock broke out to a new high of $.67 since I alerted to my subscribers at $.52. The stock also breached and held the 50 day moving average. This price should act as support now and more bullish action from THQI could see the shorts throw in the towel. With over 20% of the float being held by short sellers, the stock could see an exaggerated move higher as the shorts cover their positions.