Trend lines are nice and pretty until the trend stops. tool. In my opinion this is a rally in a bear market.
With a lack of real news - in the short term NRT indicates overbought to me. Stochastic and Bollinger bands work just fine thank you very much....especially with NRT...and until NRT goes through about 5.10 (top of the B.B) I would not even start to consider another upward run. Even then, this stock has proven so susceptible to emotion that with a break through the B.B at 5.10, the ring could fall out of it next day back to the current trading range.
I would not rely on trend lines for this stock.
Cherrs,
Christian
NRT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held