Friday, April 27, 2007

DDE Analysis for 04.27.2007

Monthly chart shows double bottom off the $11.79 level. Buyers slowly stepping back into the stock the last 2 months. Current price looks to see a close above the 8ema.

Weekly chart shows price closed above the 34ema, 50sma and the 89sma... indicating upside momentum slowly building as early buyers beginning stepping back into the stock.

Daily chart shows support off the $13.00 area, with today's price action finding short term resistance right at the 200sma, where some profit taking was evident. However, price closed above the 8ema for the day.

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