Wednesday, September 04, 2013 10:08:44 AM
TRANZBYTE (NASDAQ:ERBB) Downtrend Up Arrow Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, ERBB scored -75 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 Friday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, July 29th
-30 New 3 Month Low on June 11
-75 Total Score
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