For today's chart we've chosen to take a look at Jones Soda (Nasdaq:JSDA
) because the price of the stock has drifted down to the support of its 200-day moving average. As you can see from the chart below, the 200 DMA (pink line) has propped up the price in the past and it will be interesting to see if this will be the case again. Technically speaking, the long-term uptrend will remain valid until we see a close below the moving average - currently near $15. Today's analyst upgrade could be the catalyst needed by the bulls to stop the recent pullback from continuing and it may be the start of a move higher again.