China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

I thought it was interesting to find that MarketEdge, which is a TA trading report that is provided for free to TD Ameritrade customers, has downgraded CCME to avoid for the following key reasons:

Moving Average Convergence/Divergence (MACD) indicates a Bearish Trend.
Chart pattern indicates a Weak Downward Trend.
Relative Strength is Bearish.
Up/Down volume pattern indicates that the stock is under Distribution.

If the shorts/quants are making their decisions solely on TA and their ability to continue to manipulate, they may continue to be successful for the short term. I just hope they are getting comfortable and nestled in - it will make it that much sweeter when big buyers force the squeeze and hit the eject button.