The CrowdGather (OTCBB: CRWG) chart keeps producing 25 percent bounces off a solid support at 20 cents back up to a resistance at 25 cents. The pps continues to hold over the 200 day simple moving average and is looking towards the 50 dma at 27 cents. The indicators look to be trying to reverse course as the Relative Strength Index is now pushing through the 50 mark, indicating that momentum is entering a bullish mode. Static resistance is ahead at 30 cents. If tested, the climb off support could be indicating a reversal in price direction and marking a new higher low since the stock price bottomed in January at 11 cents before running to 51 cents.
After yesterday’s closing bell, the company reported record revenue and also hosted a conference call to discuss the results from its latest quarter and complete fiscal year. A replay of the call, which will be available until 11:59 p.m. PT on July 16, 2012, can be reached by dialing 1-800-406-7325, passcode 4549355#. Additionally, the full press release can be viewed in the “News” section below.
CrowdGather (CRWG) Stock Quote and News:
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