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Wednesday, July 10, 2013 8:08:41 AM
TRANZBYTE (NASDAQ:ERBB) Sidelines Mode Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
Based on a pre-defined weighted trend formula for chart analysis, ERBB scored -55 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 Monday
+20 Last Price Above 20 Day Moving Average
-25 New 3 Week Low, May 8th
-30 New 3 Month Low on June 11
-55 Total Score
Open High Low ERBB Price Change
0.0035 0.0036 0.0033 0.0034 0.0000
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