FMCN on a 5 day chart is looking to finally start breaking the uptrend

whodi · #1 09-19-2007, 12:03 PM

Really hasn't done it yet but is getting pretty close to it.

whodi · #2 09-19-2007, 01:11 PM

intra day double top since 1pm, lets see some new lows here.

Goods · #3 09-19-2007, 01:12 PM

Trying hard to get under $47.54

whodi · #4 09-19-2007, 01:14 PM

its going to go.

whodi · #5 09-19-2007, 01:15 PM

I think 47.70 will be short-term resistance now.

whodi · #6 09-19-2007, 01:23 PM

NAZ giving it a little push here.

whodi · #7 09-19-2007, 01:40 PM

testing the lows again for the 3rd time, when it breaks the lows, I expect a drop to the 46 levels. Especially with the short-term uptrend the last 5 days broken now, unless the market ticks up to help it out.

Goods · #8 09-19-2007, 01:47 PM

Hopefully taking a last breath here.

EMC has flatlined since 1:30. Might be ready for a push

whodi · #9 09-19-2007, 01:49 PM

I almost unloaded EMC yesterday. Wish I did, would of made a nice profit and would of been able to buy in at almost the same levels but I love this stock Long Term. Have to wait patiently for the 20levels and we will see the rewards on this monster.

whodi · #10 09-19-2007, 01:53 PM

Quote:

Originally Posted by Goods

Hopefully taking a last breath here.

EMC has flatlined since 1:30. Might be ready for a push

check out WOR on the 6 month, looks interesting. I am still holding 10,000 shares at 22.50.

Goods · #11 09-19-2007, 01:56 PM

I looked at WOR but I'm not sure what you're seeing. If you have a minute, let me know.

I've been cashing out EMC here and there and buying back. Can't find a bad word about it, it's just stuck. Should pop well when it breaks 20. I have 750 sh @ $19.07 roughly.

whodi · #12 09-19-2007, 02:00 PM

It is starting to break over its SMA50, 21.74 is the price it broke that is a buy signal IMO. It has been trading between its SMA50 and SMA200 and is starting to break out of it now.

http://finance.yahoo.com/charts#char...urce=undefined

Goods · #13 09-19-2007, 05:16 PM

Picked up 250 sh WOR. See where it goes

Take a look at GM's 5 day chart. Looks a lot like FMCN. The only cautious area is the ongoing UAW contract talks are looking positive and the workers are still working. A good contract would boost it up.

whodi · #14 09-19-2007, 05:28 PM

I hear ya, definetly looks due for a pull back and looks overbought.

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