BOOM - last friday and thursday were big distribution days as BOOM went essentially no where on big volume and experienced that squirrelly gap up at the top. today BOOM pulled back through thru support indicating a failed breakout (at least for the moment) and fell below a short term uptrend line on big volume - what's next?
CRDN - tim knight mentioned this on his blog tonite - in addition to the huge bearish engulfing candle he noticed, i thought i would point out the break of the 50-day moving average and the break of the short term uptrend line, all on great volume!
GROW - the 50-day moving avererage has transitioned from support to resistance (see the red circles - i have also highlighted how the price action is becoming wedged between support and the downtrend line - which will break first?
LEH - candle in the red circle shows the price opening below the uptrend line and breaking the 50-day moving average on nice volume - the candle in the blue circle shows more selling/downward pressure with even more volume - will the break-out support hold?
MEDI - the 50-day moving average along with 50-day and 200-day moving average crossover resistance (green line) still capping this sucker (see the post: another signifance for moving average crossovers)
1 comment:
Keep on slayin' the dragon...
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