Looking for $3.54 by the close tomorrow if the S&P 500 holds 1360 tonight. Momentum traders can place orders on stop at $3.32, with $3.26 the stop loss.
The dividend is still really attractive for longer term investors.
For candle enthusiasts we had: Piercing Line, marking the bottom, followed by Upside Tazuki Gap followed by kicking today (wholly above the $3.12 mark that has been the critical resistance level in the continuation/reversal rectangle). Todays trade would suggest it was a reversal rectangle.
Traders with existing longs could consider moving closing stops to $3.11.
MCG
macquarie communications infrastructure group
