Monday, August 26, 2013

SMM (technical)

SMM: Trading Central notes the stock has reversed down following the downside breakout of its 50day moving average. The 20day MA is also turning down, and now acts like a resistance role. Furthermore the RSI is bearish, calling for a new decline. Says as long as $4.60 is not surpassed, look for a new pullback to $4.15 and $4 in extension.

No comments:

Post a Comment