Sunday, December 02, 2012 1:05:32 PM
3 year trends - most are still intact.
I took another look at these charts and have seen that some buy-the-dip
entry opportunities may have been presented. Others are yet to come...
The Daily charts below show a 50 EMA, 100 EMA and 200 EMA moving average...
For perspective, the Weekly charts have the rough equivalent of the dailies; 12 EMA, 20 EMA and 40 EMA.
ALXN - the longer term trend may now be in doubt.
It has had a powerful sell off causing the EMAs to change directions.
The 50 EMA has dipped below the 100 EMA while price dipped below the 200 EMA...
SBAC - the long term trend is still strong.
Price is still making new highs and the recent drop to the 50 EMA
was a buy-the-dip opportunity.
ICUI - the long term trend is still strong.
Price dropped through the 50 EMA but bounced strongly off the 100 EMA which
was a buy-the-dip opportunity. The weekly shows what might be considered a bull flag.
IBB - Will say the long term trend is still intact.
Though price has dropped to the 40 EMA on the weekly, the candle tails show support there.
On the daily, price has not closed below the 200 EMA and has twice rebounded
higher from that average. The EMAs never crossed down and are all sloping positively again.
SPNC - the up trend is still intact.
The EMAs are still in upward sloping mode. The weekly shows price has been using
the 20 EMA as support (or the 100 EMA on the daily).
A buy-the-dip entry was presented after the hammer candle of two weeks ago.
BOFI - the trend is still intact.
This one has had a hard drive down below $25 and the 200 EMA
where it formed a hammer to announce to all that the one week dump was done...
The EMAs are all still in up sloping mode. I think another pull back under $26, below the 50 EMA may present another buy-the-dip opportunity.
CYBX - Up trend still intact but may be doubt.
The powerful drop off in October makes it harder to make the case that it's up trend
is still intact but the EMAs have never crossed down and are now in up sloping mode once again.
Volume came in very strong at/above the 100 EMA and the daily is consolidating just
under resistance while building a bull flag-on-a-pole.
I took another look at these charts and have seen that some buy-the-dip
entry opportunities may have been presented. Others are yet to come...
The Daily charts below show a 50 EMA, 100 EMA and 200 EMA moving average...
For perspective, the Weekly charts have the rough equivalent of the dailies; 12 EMA, 20 EMA and 40 EMA.
ALXN - the longer term trend may now be in doubt.
It has had a powerful sell off causing the EMAs to change directions.
The 50 EMA has dipped below the 100 EMA while price dipped below the 200 EMA...
SBAC - the long term trend is still strong.
Price is still making new highs and the recent drop to the 50 EMA
was a buy-the-dip opportunity.
ICUI - the long term trend is still strong.
Price dropped through the 50 EMA but bounced strongly off the 100 EMA which
was a buy-the-dip opportunity. The weekly shows what might be considered a bull flag.
IBB - Will say the long term trend is still intact.
Though price has dropped to the 40 EMA on the weekly, the candle tails show support there.
On the daily, price has not closed below the 200 EMA and has twice rebounded
higher from that average. The EMAs never crossed down and are all sloping positively again.
SPNC - the up trend is still intact.
The EMAs are still in upward sloping mode. The weekly shows price has been using
the 20 EMA as support (or the 100 EMA on the daily).
A buy-the-dip entry was presented after the hammer candle of two weeks ago.
BOFI - the trend is still intact.
This one has had a hard drive down below $25 and the 200 EMA
where it formed a hammer to announce to all that the one week dump was done...
The EMAs are all still in up sloping mode. I think another pull back under $26, below the 50 EMA may present another buy-the-dip opportunity.
CYBX - Up trend still intact but may be doubt.
The powerful drop off in October makes it harder to make the case that it's up trend
is still intact but the EMAs have never crossed down and are now in up sloping mode once again.
Volume came in very strong at/above the 100 EMA and the daily is consolidating just
under resistance while building a bull flag-on-a-pole.
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