Replies to post #202875 on Spongetech Delivery Systems Inc (fka SPNGQ)

[z4lover]

From scottrade.

Stochastics
The Stochastic Oscillator is registering a bearish signal as the %K is below the %D. However, the oscillator has dropped below the critical value of 20 and SPNG is now oversold. An oversold condition means that the recent downside momentum is not sustainable.

Williams %R
According to the %R which is currently at -99.85%, below the critical value of -80, SPNG may be oversold. While this does not signal that shares will begin to rally, it is unlikely that selling pressure can continue at this level.