EK Analysis for 05.12.2007

Simple Investment Strategies Newsletter - Weekly Listing of the Market's Undervalued Stocks With Big Insider Buys: issued a buy today on Eastman Kodak. Monthly charts do not show a strong buy signal as of yet. While last month showed early buyers stepping back into the stock, the market found sellers just above, at the 34ema.

Weekly chart shows the the market initially found support off the $19 area, where buyers took it up to $27.50 area, where sellers took price down to the .618 fib level.

Daily chart shows weakness, as sellers continue to show up, despite the initial buying enthusiasm on April 25th. Price is currently below the 8ema, the 34ema and the 89sma. Look for the 200sma and the .786 fib level at $23.50 area for initial support. There are currently no buy signals to be found. Stock on watch list for next week.