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S&P 500
5,473.17
(
-0.25%
)
US TECH 100
19,258.80
(
0.00%
)
Dow Jones
39,134.76
(
0.77%
)
Brent Oil
84.73
(
-0.33%
)
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-0.29%
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jxyzobrien

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jxyzobrien

Re: orecal7 post# 513

Monday, 04/11/2011 5:09:55 PM

Monday, April 11, 2011 5:09:55 PM

Post# of 630
Orecal

MCP went to the top of the channel and now is way oversold.
RSI > 70 on all timeframes daily, weekly. The stock was upgraded
today with a new target of 92.

Now if the stock breaks out of the channel and uses the channel
as support then its ok. Remember when parabolic stocks fall they are
like a bowling ball down a mountain.

Chart below



http://stockcharts.com/h-sc/ui?s=MCP&p=D&yr=0&mn=7&dy=0&id=p79266792787&a=230304639
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