Tuesday, May 29, 2012

STX OSV

STX OSV: Trading Central has Technical Sell Call. House note that downside prevails as long as $1.56 is resistance. Alternative scenario: above $1.56, look for $1.65 and $1.71. Note that the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at $1.57 and $1.67). Finally, stock is trading below its lower daily Bollinger band (standing at $1.45).

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