Monday, July 25, 2011

SMRT

SMRT: Trading Central (Bloomberg) has Technical Sell Call. Note that the downside prevails as long as $1.91 is resistance. Note that RSI is trading below 30 and this could mean that either the stock is in a lasting downtrend or just oversold therefore a rebound could shape (recommend to look for bullish divergence in this case).

MACD is negative and below its signal line, while the configuration is negative. Moreover, the share stands below its 20 and 50 day MA (standing respectively at $1.91 and 1.9). SMRT Corp is currently trading near its 52 wk low at $1.85, next levels would be $1.79 and $1.77.

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