Signal Update
Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed the confirmation level which was at 33.3300, and our valid average buying price stands now at 33.3700. The previous SELL recommendation was issued on 5/22/2013, 2 days ago, when the stock price was 32.8550. Since then ECPG has risen by +1.57%.
Market Outlook
Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The market is telling you about a new profit. Do not miss this bullish opportunity.