PAGE INDUSTRIES — Averages converge, the move gets digested

closed at 35365, down 1.1%. The 20 MA is at 35650 and the 50 MA at 35771.54. Look at how close those two averages are, only about 120 points apart on a stock trading above 35000. That happens when price goes quiet, and that is exactly what the last month has been. The context matters. The stock ran from 30000 in March to nearly 44000 in early July, then fell back to 35000 by late August. Since then it has done very little, holding a narrow band between roughly 35000 and 36200. So this is a stock digesting a big move, not trending. 36200 on the upside and 35000 on the downside are the edges I am using until one of them breaks. Also, 35700 - 32700, this 10% is a crucial level for Page Ind as it is 2018 ATH Zone that attracts buying.