Thursday, March 11, 2010 11:12:57 PM
Downtrend
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term downtrend Downtrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, BDGR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Wednesday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending February 27th
-30 New 3 Month Low in February
-75 Total Score
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