DBS (technical)

DBS: Trading Central notes the stock has rebounded off its rising 20 day moving avg and is now challenging its nearest resistance at $15.70. An upside breakout seems likely in sight, as the stock remains supported by a medium term ascending trendline since Nov '12. Daily RSI stands firmly above its neutral area at 50%. As long as the shares stay above $15.25, expect a new up move towards $16.55