acinvestor
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The stock has the look of an upcoming breakout, which could next week. If you look at its technical chart, you will see a tight consolidation that has occurred this past two weeks. The stock attempted to push higher on Friday, topped at $4.20 but closed at $4.13 on over 1.28 million shares. On daily chart above we can see price is moving in a range area of $4.23 – 3.86. We need a break on either side to see clearer direction. I prefer a bullish scenario and expect break above $4.23 targeting $4.84 before testing $5.04 in medium term view. In the past one month of trading sessions, the stock went up more than 20%. Over the past 52-weeks, the stock traded within the range of $3.33-$8.29. From a technical standpoint, %K line and %D line continued upward movement and have not signed short-term reversal. MACD still moving up and is above the zero line. In addition, the momentum indicator MFI still showing strong demand in this upward trend.
![THQ INC. - COMMON STOC.png THQ INC. - COMMON STOC.png](https://www.trade2win.com/data/attachments/57/57523-50eac287aac017e5f0075903d368ae61.jpg)
![THQ INC. - COMMON STOC.png THQ INC. - COMMON STOC.png](https://www.trade2win.com/data/attachments/57/57523-50eac287aac017e5f0075903d368ae61.jpg)