MichaelGLamothe

LOCK breaking out of 1st stage flat base on heavy volume

Panjang
NYSE:LOCK   None
LOCK is breaking out of a 1st stage flat base today on volume that is over 250% above average. Throughout the base, LOCK has received support along the 50dma. Recently (on 12/24 and 12/26) it displayed support at the 21ema as well.

Its also worth noting that the major volume spikes have all been on up days. This points toward accumulation.

Penafian

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