Just when you thought things were turning up and bad news might be drying up, Spectrum news came out on Friday, causing the price to gap down to near the $80 area. The bulls need to reclaim $85, as I stated in my earlier post. If $80 breaks, there is a real danger that the stock could go down to $76.45 area. $80 is the key critical support level to prevent further breakdown. $85 is the key resistance area to reverse the trend. I could be wrong but I think we see a bounce next week.
MonkeyGee : think you might need to move the line. the price drop was still closed above the line.