CrowdGather (CRWG) Ready for a Technical Turnaround
CrowdGather Inc. (OTCBB: CRWG), a leading provider of forum communities on the Internet, similar to companies like Quepasa Corporation (AMEX: QPSA) and IAC/InterActiveCorp (NASDAQ: IACI), could be ready for a technical turnaround, according to one technical analyst.
According to the description:
The CRWG chart moved through resistance at 12.5 cents yesterday. Volume was below average, but the MACD and RSI are showing strength to trend and momentum in the chart. Importantly, there is a strong positive divergence between the MACD and price per share, which will have technical traders watching for a volume surge and a break of the zero line for the MACD.
About CrowdGather Inc.
With its growing portfolio of special interest forums and enthusiast message board communities, CrowdGather (www.crowdgather.com) has created a centralized network to benefit forum members, forum owners and forum advertisers. CrowdGather provides a highly interactive and informational social network for members, a management and revenue-sharing resource for third-party forum owners, and a largely untapped advertising network for marketers worldwide.
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