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Monday, June 24, 2013 7:43:57 AM
TRANZBYTE (NASDAQ:ERBB) Strong Downtrend Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, ERBB scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Tuesday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, May 8th
-30 New 3 Month Low on June 11
-100 Total Score
Open High Low ERBB Price Change
0.0032 0.0035 0.0032 0.0032 -0.0002
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