Registered User
Joined: 8/9/2007
Posts: 10
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Hi all,
I ran across INAP (Internap Network Svcs) and was hoping to get a second opinion on this stock. In my novice opinion it looks promising to see the price at the significant support level of just below $14 with Money Stream and TSV both on leading divergence. Volume has also been picking up last couple of weeks.
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Registered User
Joined: 12/21/2004
Posts: 902
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To my eye it still looks a bit premature (you may have a higher risk tolerance than I do). I would wait for definite signs of a turnaround - shorter term MAs moving higher than the long term, MACD and/or MACD-H moving over the 0 line, price moving back into the upper half of the 50LR, etc. I do like the fact that it seems to have found support, and that volume indicators are looking positive - I wouldn't expect it to go down too much more, but I would wait to see signs that it's actually going up. Just my opinion
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