Posted by Joel Backman on July 15th, 2010
Posted by Joel Backman on July 6th, 2010
Posted by Joel Backman on July 1st, 2010
Posted by Joel Backman on June 30th, 2010
Posted by Joel Backman on June 29th, 2010
Shares of Citigroup closed again above its 200-day moving average of $3.99, a bullish sign that puts the next stage of resistance at $4.09 ( 50-dma ). On the technical chart, we can see a few things going on here. First, the stock is testing a horizontal trendline acting as potential resistance. Also, stochastics are indicating a trend reversal to the upside. Last, and definitely not least, we can see that the money seems to be flowing into the stock as indicated by the OBV.
Generex Biotechnology can pop big time on any positive news. The technical daily chart is showing a double bottom here. In addition %K line has just crossed on top over %D line showing strong buy signal as ROC is at oversold level. On balance volume is also showing positive divergences. I will look to buy if the stock breaks above 0.345.
Posted by Joel Backman on June 29th, 2010
Posted by Joel Backman on June 28th, 2010
Posted by Joel Backman on June 14th, 2010
Posted by Joel Backman on June 11th, 2010
Posted by Joel Backman on June 10th, 2010