Okay here's an interesting point....
When a stock or index is bouncing off a low, if it is turned back down by the 1/4 mark of the range down, that holds the downtrend in a strong position.
So yesterday's low was $27.85 which was $5.31 below the 7 Jan high ($33.16). 1/4 of $5.31 is $1.33 which when added to yesterday's low price gives the 1/4 mark as $29.18.
Today's high was 8 cents off and it turned down.
That holds the move down off the high in a strong position.
I'm staying short.
which way now, page-32
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Last
$38.57 |
Change
-0.770(1.96%) |
Mkt cap ! $196.3B | |||
| Open | High | Low | Value | Volume |
| $38.65 | $38.77 | $38.50 | $156.5M | 4.055M |
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| No. | Vol. | Price($) |
|---|---|---|
| 13 | 4706 | $38.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.57 | 598 | 4 |
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