Asyst Technologies, Inc. (fka ASYTQ)

[trader53]

Your Weekend Technical Update for March 26, 2011

Technical Observation:

One "Key", to knowing if there is any kind of an improving trend with regard to a stocks price, is to observe the moving averages, to see if they are making "new recovery highs".

In the following chart, you will notice that the "red" 34-day, moving average is, in fact doing just that.

At NO TIME, since the April 20th, 2009 Chapter 11 filing do we see a new high in this moving average, until it started this month.

In addition, both the 8-day and 34-day moving averages crossed over the 200-day moving average for the first time, also.

Also, on a weekly basis, the chart clearly shows that the "blue" 8-day M.A. has crossed over the 34-day M.A. for the first time in 2-years, and it is rising.

From a purely technical standpoint, this could be significant.

Daily Chart
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=2&mn=0&dy=0&id=p02877704553

Daily Chart
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=D&yr=2&mn=0&dy=0&id=p31340603091

Weekly Chart
http://stockcharts.com/h-sc/ui?s=ASYTQ&p=W&yr=2&mn=0&dy=0&id=p31294180412