Something completey different20 Apr 2016 22:51
I have a very different take from other posters here.
SBRY has recently broken out of a range which had been forming for the past 1.5 years. The price is also above it's 200 SMA. Both of these are bullish signals.
That been said, the breakout did not happen on strong volume and I am know questioning the wisdom in me buying this stock. I would also have liked to see a stronger move following the breakout, instead the price retested the supoort/resistance area on Apr 18th before making a new high. If the price closes below this level I will be closing my position.
My target price of 330p is now looking optimistic = )