Thursday, June 28, 2012
STX OSV (technical)
STX OSV: Technical Buy Call by Trading Central. Note that the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day MA ($1.45) but below its 50 day MA ($1.54). Alternative scenario: below $1.39, expect $1.27 and $1.19.