Myriad Genetics Inc. (MYGN)

[bowonwing]

MYGN @ $26.96. High pole warning 9/23/09 on P & F chart.

http://stockcharts.com/charts/gallery.html?MYGN

High pole warning 9/23/09 on P & F chart, "The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50% of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warning that lower prices could be seen in the future." from "chartschool" on stockcharts. com

On regular stockcharts. com chart, RSI @ 35, not in oversold territory yet; MACD rolling over but still in positive territory and Full STO <20, so that is "oversold," but it does not mean that MYGN could not still go lower. MA(50) $27.89, which it has crossed today, which is negative.

$30.63 (Q2-09 low)
$28.22 (pre move high)
$28.04
Resistance:
@ $26.52:
Support
$25.88 (which was the price before MYGN popped to $30.89),
$25.04 and
$24.36, which as of this time is the Q3-2009 low.