Interesting days for CBA, it's flirting with its 150 SMA, around...

Interesting days for CBA, it's flirting with its 150 SMA, around $87.25 but pushed through the 150 EMA yesterday.

I think if it can close above $87.50, I'd be inclined to say that market sentiment is back to being positive about CBA and teh banks.

And given the big influence momentum has on this sector, if that occurs, I'd be inclined to upgrade CBA to a "hold" (definitely not a buy if you don't already own it)...

But if doesn't push through in the next two days or falls back below $86.50, I'd leave it as a "sell" (just don't like holding companies that I perceive as higher risk and fully valued once they fall below their 150 SMA).

GLTA