##{"id":56383,"date":"2010-03-19T12:07:01","date_gmt":"2010-03-19T01:07:01","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2010\/03\/19\/wizard-is-watching-amp\/"},"modified":"2010-03-19T12:07:01","modified_gmt":"2010-03-19T01:07:01","slug":"wizard-is-watching-amp","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2010\/03\/19\/wizard-is-watching-amp\/","title":{"rendered":"Wizard Is Watching AMP"},"content":{"rendered":"<p>\n\tBy Rudi Filapek-Vandyck<\/p>\n<p>\n\tThe TechWizard reports shares in insurer AMP ((AMP)) have shown a good bounce off the March 2009 lows, but the rise has pretty much stalled over the last 4-6 months.<\/p>\n<p>\n\tIn order to regain momentum to the upside, he believes price action has to close above $7. On the other hand, were the shares to weaken and close below $5.75 this would push the shares below the 20 moving average and thus reverse the market focus to the downside, he says.<\/p>\n<p>\n\tAll it would take is an acceleration in negative momentum to potentially take the shares back to $4, he adds. At present the MACD indicator is negative, so the TechWizard does not expect the first scenario (closing above $7) to unfold.<\/p>\n<p>\n\tBut will the second? The TechWizard&#039;s attention has been piqued.<\/p>\n<p>\n\tThe TechWizard has reported he currently does not own any shares in the company.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/AMP.jpg\" style=\"width: 700px;height: 506px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AMP shares seem caught between $7 and $5.75. The TechWizard&#8217;s attention has been piqued.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[90,91],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56383"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=56383"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56383\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}