STX PO closes above 200 days EMA

Strong closing above 20 EMA, 200EMA and $2.57 resistance line. Momentum will remain strong only if the low of the next candlestick bar to be formed on Monday closes above the 200 EMA and $2.57 resistance line. Monitor 50 EMA resistance line.

Late afternoon buying by Big Boys lifted closing price to end almost at the high of the day. More Big Boys purchases needed to ensure that price momentum continues.