Monday, March 7, 2011

Global Logistic Properties, GLP -- 7th Mar 11


GLP has been trading in a narrow range between $1.88 - $1.96 since 11th Feb 2011 and appears to be forming a bottom around the region.  Further looking at the RSI and Stochastic indicators showing sign of positive divergence, which is bullish in nature.  Potential target upon breaking out of the bottom would be in the range of $2.12 - $2.20