My Current Technical Analysis on Extract Resources, looks like this:
Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term uptrend Uptrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, EXT scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Thursday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending September 19th
+30 New 3 Month High in September
Overall Total Score Comes In At +75
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My Current Technical Analysis on Extract Resources, looks like...
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