Monday, May 7, 2012

Good Times Restaurants, Inc. (GTIM) Technical Analysis for Monday, May 7, 2012

GTIM is forming a flag pattern after a large move from around $1 to touch $5.98. Shares have retraced to $3, which fills an open gap from the sharp climb. Technical traders will now be looking for support levels to be established and potentially for buying pressure to come back into the chart.

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