Follow up to my earlier post on DELTA CORP on August 25, () The stock has given a breakout at 190. If the upward momentum continues, I think it should touch 234. Fundamentally, the company is debt free and has a strong balance sheet. Trade wisely and responsibly.
A symmetrical bullish triangle formation helped with an increase in volume augurs positive movement. RSI has crossed 50. A movement beyond 180 and with an initial target of 189 will create significant momentum and movement in this stock. The stock has breached the 55 day EMA but reversed before it could touch the 200 day EMA. I feel there is strong support...