Wednesday, January 23, 2008 2:34:23 AM
LNGT
This one is in a downtrend as noted by the 10 day MA. Nice long-legged doji in the harami cross. Over $20K in volume yesterday. I like this chart better than anything I posted yesterday. MACD is very negative. The last two stocks picked with negative MACD dropped the following sessions. However, the RSI doesn't look too bad, trending upward. Let's see if the negative MACD rule holds or if this puppy runs. Notice the William's %R is over the midpoint between -50 and -80. Every time this happened in the last 4 months, the stock broke out higher.
This one is in a downtrend as noted by the 10 day MA. Nice long-legged doji in the harami cross. Over $20K in volume yesterday. I like this chart better than anything I posted yesterday. MACD is very negative. The last two stocks picked with negative MACD dropped the following sessions. However, the RSI doesn't look too bad, trending upward. Let's see if the negative MACD rule holds or if this puppy runs. Notice the William's %R is over the midpoint between -50 and -80. Every time this happened in the last 4 months, the stock broke out higher.
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