NOVA CHEMICALS CORPORATION - NCX
UBS analysts upgraded this company from a "neutral" to a "buy" recommendation, based on its "valuation and a strong Alberta advantage". The technicals indicate price weakness and downside momentum.
Monthly chart shows a bearish pattern in place. Sellers came out in force this month.
Weekly chart shows strong selling the last 6 weeks. No buy signal in sight.
Daily chart shows price below all key moving averages. Sell any bounces.
Thursday, November 22, 2007
NCX Analysis for 11.22.2007
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