DMND - Diamond Foods, Inc - NASDAQ

[Jack]

Could be a pincher play when RSI rise to 30. Also a gap to fill.


Daily chart: http://stockcharts.com/h-sc/ui?s=DMND&p=D&b=5&g=0&id=p71782677294

Weekly chart: http://stockcharts.com/h-sc/ui?s=DMND&p=W&b=5&g=0&id=p64014030842

Latest news: http://finance.yahoo.com/q?s=DMND&ql=1

[Dr PennyStock]

It looks good, but, the MA200 on the weekly chart is now a resistance, I don't see it bouncing much.

[Dr PennyStock]

Like I said, it has tested the MA200 as resistance, and, has closed unchanged, I really don't see it pinching soon, only trading sideways.

[sethpizzaboy]

Like I said, it has tested the MA200 as resistance, and, has closed unchanged, I really don't see it pinching soon, only trading sideways.

After looking I agree

[Jack]

Up 52% and pinching.

[Vegas]

Up 52% and pinching.

Hell of a pinch... I don't think I have ever seen a stock in this price range gain anywhere close to this much on a pinch play... They must have had some good news...

Here was the news:
http://blogs.barrons.com/stockstowatchtoday/2011/12/09/diamond-foods-spikes-nearly-50-after-note/?mod=yahoobarrons

[Dr PennyStock]

It is very rare indeed, on a stock of this price level, like Vegas, the first thing I thought was news, very good news.