Technical Summary: The five year picture for holders of MYR looks quite depressing as the stock has consistently found its way to new lows. For a large part this has continued into ths year with the stock appearing to make a new low every other day. However, in the last few months there has been some change in the air with the stock nearly doubling from around $0.35 per share to just under $0.60. The stock has achieved this by holding its support off the lows on a couple of occasions before breaking out on heaving volume on an earnings update. This action can be considered constructive and while the stock is currently overextended a period of consolidation may provide another buying opportunity for those that want to initiate a position. One question that traders will need to ask is if the recent pop is due to short covering or if it is the start of a substantive move.