STA shares appear to be in a strong near-term rally within a longer-term bearish trend. The 200-day moving average is downward sloping and implies that there has been limited demand for this stock. However, the stock has been rallying recently. Although it is too early to tell whether this rally could be the beginning of a new long-term trend, the stochastic oscillator is overbought and tells us that this level of upward momentum is unsustainable. Investors should proceed with caution.
Does this make sence?
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