Here's a chart of GGC for Ben. This one reminds me of TOL, which I posted yesterday. GGC has been in a long-term downtrend (I'm defining that as the time that it was under its 200-day moving average) but has worked off the selling pressure by basically going sideways for months. It's not far from where it was last August.
The thing that should give bulls a little hope is that it's jumped over both the 50-day and 200-day moving averages post-earnings. And although moving average signals are lagging I should note that the 'fiddy' is still under the 200, which is a bearish posture. But if I really wanted to be in GGC I'd probably buy it right here and use the first support under the 50 DMA as a stop loss level.
