Thursday, December 10, 2009 7:59:46 PM
The RSI is currently sitting at 43.48. 30 means it is undersold.
The CCI is sitting at -63.64. -100 is undersold.
According to the Bollinger Bands, the stock is trading closer to the bottom band signaling closer to being undersold as well.
Now, as of right now, the RSI is showing signs of turning, but the CCI is still pointing down. We could still see more sells than buys tomorrow.
BUT,
Here is what intrigues me:
On our run to .0058, the RSI was a little lower and the CCI was a little higher. If we would have had a run last week, we would have been overbought and then a sell off would be happening. I don't know if the run would have been as significant. As of right now, (especially after tomorrow), the indicators should be ready to support a nice run.
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