Looks like a healthy pull back on low volume to me. Commsec...

Looks like a healthy pull back on low volume to me.

Commsec 'chart reader' states:

The MACD for NEA currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 30-day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher

NEA is trading above its 20-day simple moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.