- Moderately oversold: JNJ
- Trying to hold some rising trend line support: GYMB, MEOH, PLL, SLE, SMH, SWC, and XLF
- Trying to hold falling trend line support: HIT, NFI, and WB
- Trying to break above some falling trend line resistance: IDA, RIG, and SKS
- Attempting to break above the 28 DMA: PTEN
- Moderately overbought: IDU and SBUX
- Standard overbought: GLD, KGC, NEM, and STX
- Extremely overbought: IBM, JNPR, and the XNG index.
- Possible top for: The XAU index.
- A break out in either direction is on the way for: INTU and OGE
- More later. Anything here could be off base.
Tuesday, July 24, 2007
Rest of the S&O's based on the close of July 20, 2007.
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1 comment:
You meantioned SWC here.
SWC down another 8.25% today. In the past three days it dropped a total of 20%. SWC is the only palladium and platinum producer in the US. Palladium and platinum are very important precious metals that see price trippled in the past three years. This is a stock with extremely bullish fundamentals and this may well be the CAPITULATION event where you get an excellent entry point. See my analysis of the SWC fundamentals.
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