Sunday, April 29, 2007

COGN Analysis for 04.29.2007


Monthly chart shows price currently finding support off both the 34ema and the 50sma. Buyers came back in force this month, closing above the 8ema, and heading to test the prior high at $45.30

Weekly chart shows price found support off the 34ema, where sellers found buyers.

Buyers came out in force this past week, finding support off the daily 34ema. Price is currently above all the moving averages, and heading to test the prior high at $45.30.

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