Posted by: tyrannyoflogic June 21, 2011
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there was a decent buy volume on 21st but not much price action, MACD histogram decreasing, MACD line and signal already crossed downwards when a run a faster scan , so this might trade sideways for a while(short term) or even bottom more ....but the chart looks extremely bearish .....50 MA line crossing downwards from the 200 MA line ... i would stay away from it till it gets to oversold levels like it did at the end of may...JMHO