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A H Belo Corp (AHC) 52 week high analysis

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NYSE:AHC   None
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AHC saw a 13% increase after rumors of acquisition talks which can be found www.bizjournals...-of-dallas.html?ana=yahoo

Price spent most of 2015 selling off, finding balance around the $5-$6 area until July 2016 when it reversed. Since then its broke out to the upside and recently hit the 161.8 Fibonacci extension as well as a former trend support line now acting as resistance. Watching for balance to form soon, and if rejected going short.

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