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Friday, January 17, 2014

Joy 1/17

Lets take a look at the daily chart of JOY.

JOY recently had a golden cross where the 50 SMA crossed above the 200 SMA.  It has done some jerking around trying to decide if it likes life on the upper side of the 200 or not.  It crossed above the 50 SMA again the other day and is now deciding whether it likes it there or not.  Should JOY start up again from above the 50 it should test the recent high.  If it can break out above the highs from late last year it should complete a change of character into a primary uptrend.


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