Thursday, July 21, 2011

ST Engineering

ST Engineering: Trading Central (Bloomberg) has a Technical Buy Alert. Note that the upside prevails as long as $2.92 is support. Note that RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive.

Moreover, the stock is above its 20 and 50 day MA (standing respectively at 2.97 and 2.97). Stop loss at $2.92, following a break would see next support at $2.83 and $2.77.

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