This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:
If you could take a look at EXPD that would be great.It broke out of its 50 and 200 day EMA and has since pullback a bit.
I think it should be able to find support once it retracts to the 50/200 EMA and go on another run.
Any comments would be appreciated.
I have simple moving averages on my charts so when I first looked at EXPD the resistance from the 200-day simple moving average stood out like a sore thumb. I added the 200 EMA to the chart and saw exactly what Jin was talking about. Which moving average is giving the correct signal? I have no clue. In fact, one could probably play a break of either average -- long on a break above the SMA short on a break below the EMA.
The risk:reward on a long might be decent if it could be bought near the 200 EMA. Perhaps a pullback to that average would give the stock enough potential to make it though the resistance around $53.
