Stock in Focus: Alliance Global (AGI)

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Holding firm Alliance Global Group Inc. (stock symbol: AGI) has made a considerable advance¬†expected in my first post, rising from the 22 lows (21.95 in fact) seen in mid-December. Since then, price overshot the minimum price area (24-25) I’ve mentioned on that post, and now price is back near its all-time highs.

The Relative Strength Index (RSI) is mildy overbought with a current reading of 60.86.

I would like to see price stability at 25-27 in the coming weeks.

We could see new highs this year. Keep an eye on 28-29.

AGI Daily chart, February 3, 2014

AGI Daily chart, February 3, 2014

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