Monthly chart shows a double top in place. Current support is at a .382 fib level. Indecision between buyers and sellers in the month of August - buyers couldn't take the price up, and sellers couldn't take the price down. Resistance above is currently at $49 area, and support is at $42.60. Currently no buy signal off this chart.
Weekly chart shows a double top where sellers came out in force to take price down to current support of $44.60 area. Currently no buy signal off this chart
The daily chart shows a short term double bottom, with buyers gapping up the stock at the open of trading today. IF there is follow through with buying tomorrow, THEN look for $48 area as first upside target.
Tuesday, September 11, 2007
C - Analysis for 09.11.2007
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