Last night at 9:22 pm ET, in the post just below this one, I posted that DRWI had put out some very good news about a share buyback it was planning to do.
I also stated that I thought it would be a good time to get IN this stock.
And they also announced this news on March 15th:
Cosmoline has selected DragonWave as its exclusive backhaul provider for a national 4G mobile WiMAX network across Greece. (there's a link to this story in the post below this one)
As you can see from this final Quote, DRWI closed up over 6% today, and it's daily chart is looking even more Bullish today than it did after yesterday's closing bell...
This was a very nice upward move for DTWI today on strong Volume. It closed just pennies below the high of the day, and every one of my Technical Indicators are upticking sharply. Closing above the 15MA on it's first attempt is very Bullish. If it can get through the middle Bollinger Band area at $11.50 or so, there's a real good chance it will run up to the upper BBand at around $13.50 or so.
That is my top price target for this stock before it meets any major Resistance. If the CCI gets turned back at the zero line, Stochastics will also be turning back down at the fifty line. If that happens, I'll lock in my profits and wait to see if it can rise above these two levels of Resistance before jumping back in...
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