BRT Realty Trust (BRT)

[frenchee]

After Friday's beatdown, BRT appears to be a candidate for further beating. After looking at the weight of the evidence suggested by the weekly charts, I'm giving the benefit of the doubt to the bears. Here's the clues pointing me toward this conclusion:

- BRT is trading under key long-term weekly MAs of 13, 34, 39, and 65.

- ADX is 17.22 and decreasing with momentum rolling over. This can be seen in: RSI bouncing off the 50 level, Force Index, and Full Sto indicators.

- Since the rally starting in early March, volume trend didn't confirm price trend. Perhaps short sellers were covering positions causing a rally, and money is leaving the marketplace.

- Lastly, negative divergence between price trend and Chi Osc. This corroborates the volume analysis above.

My W@G is support around 12.21...