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$ACCO long after earnings

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NYSE:ACCO   Acco Brands Corporation
$ACCO has been in the $8 to $9 range for quite a while after their previous earnings. However, after their recent earning on Feb 15, they said that they have improved gross margins, an increase in sales, and reduced debt. This sounds good. So good that one of the directors bought 60,000 more shares at about 8.85.(He now holds 110,000) $ACCO fell below the lower trend line (red) but looks to be moving up toward that trend line as well as the upper trend line(green). Failed breakdowns are usually bullish. $ACCO has a float of 92M. Alerts should be made on both trend lines which are above the price currently.

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