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Tuesday, July 16, 2013 8:49:42 AM
TRANZBYTE (NASDAQ:ERBB) Uptrend Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, ERBB scored +70 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 High, July 12th
-30 New 3 Month Low on June 11
+70 Total Score
Open High Low ERBB Price Change
0.0043 0.0045 0.0038 0.0039 -0.0003
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