Overland Data, Inc. (OVRL) Technical Analysis for Friday, April 13, 2012

OVRL has moved off a bottom at $1.91 twice in 2012, but failed to close above the $2.50 resistance so far this year. Yesterday’s upward pressure has the chart looking to hold a higher low (above the 50dma), which could be putting the chart in position to try and push at the resistance level again.

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