Emulex Corporation (ELX)

[ospreyeye]

ELX Chart: MA's(7, 10, 20, 50, 100, 200) are all converging..........look how wide they were back in Dec.......as the share price has consolidated so have the moving averages........there will either be a breakout or breakdown form the current trend soon.......if a candle forms below MA(50) @ 7.26 it will signal downside risk & if a candle forms above MA(100) @ 7.43 & MA(20)/Middle BB @ 7.44 it will signal upside potential........

ELX @ a crossroads........the best trade @ the moment is to wait......need to see a break from the current consolidation phase.......MA(7) Bullish Crossed MA(10).........a ton if juice to run on Fast Sto, Full Sto & RSI.......CCI bounced off -100 and closed above -50........MACD Line has leveled off.......MACD histogram is retracting.......bullish......MACD setting up for a Bullish Crossover........DMI w/ ADX Bullish Crossover........Accum/Dist is leveling off & CMF had an Uptick Fri........

ELX is set up for a break from the current trend......looking at this chart & the technical Indicators it all comes down to support & resistance........depending on your trading strategy & capabilities it will be Showtime either way when one breaks.............$$$

EMULEX

STAY LONG

Last Pattern:NO PATTERN

Last Close:7.3800 Change:+0.0600 Percent change+0.82% 6 mo.Rating2?$100?109.5412 mo.Rating4?$100?167.9624 mo.Rating3?$100?250.70

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 2/6/2014, 8 days ago, when the stock price was 7.3350. Since then ELX has risen by +0.61%.Market Outlook The market is not rosy but our bullish bet is still valid. There is not a definite sign to disturb your comfort.

http://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=ELX