ELX @ a crossroads........the best trade @ the moment is to wait......need to see a break from the current consolidation phase.......MA(7) Bullish Crossed MA(10).........a ton if juice to run on Fast Sto, Full Sto & RSI.......CCI bounced off -100 and closed above -50........MACD Line has leveled off.......MACD histogram is retracting.......bullish......MACD setting up for a Bullish Crossover........DMI w/ ADX Bullish Crossover........Accum/Dist is leveling off & CMF had an Uptick Fri........
ELX is set up for a break from the current trend......looking at this chart & the technical Indicators it all comes down to support & resistance........depending on your trading strategy & capabilities it will be Showtime either way when one breaks.............$$$
EMULEX
STAY LONG
Last Pattern:NO PATTERN
Last Close:7.3800 Change:+0.0600 Percent change+0.82% 6 mo.Rating2?$100?109.5412 mo.Rating4?$100?167.9624 mo.Rating3?$100?250.70
Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 2/6/2014, 8 days ago, when the stock price was 7.3350. Since then ELX has risen by +0.61%.Market Outlook The market is not rosy but our bullish bet is still valid. There is not a definite sign to disturb your comfort.
http://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=ELX
Learn how to analyze Charts & interpret Japanese candlestick patterns........link below...........$$$
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86130044
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