Shares of GMST rose 13% to 3.73$ after the company said that has signed a patent license agreement with British Sky Broadcasting Limited, also on thursday ( 14 Dec ) GMST said that has signed a new interactive program guide patent license agreement with Philips Electronics, the company said Thursday. Volume spikes today. Looking at the chart, the stock has broken out an important resistance 3.50$ and the chart show a continuation of the trend with MACD and RSI ( reached Overbought ) in Bullish area, the stock is in a strong bull market with both 50 day and 200 day moving average going up.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all. Have a nice evening !!!!
AC
Labels: GMST