NGI formed a nice base 1.50-1.60 and ready to break out.

NGI has been forming a nice consolidation base from 1.50-1.60 and with steady daily accumulation is now about to break over the 50d ma. Today good buying and end of day led to 1.64. Sellers are few in the line up and this could easily end up over 1.70 in the coming week. Great fundamentals as well (P/E, Price/Sales) and dividend.