Negative momentum is what you're seeing. Lower highs since sometime in July. Check it out, each of the last several columns climbs not quite as high as the previous column. This would probably warn me off for now. As far as the actual formula used to get the "momentum", you'll have to ask Jan or someone more knowledgable than myself.
Now not knowing anything about the fundamentals, and looking only at P&F, I would try to wait for a pullback to the 65 area (at least half of it's current column) before getting in, and if cautious, I would be looking for 61. Looks like there is some resistance at 70 or so, so the risk/reward just doesn't do it for me at the current price.
The split is good, but I wouldn't get on it just because of that, and the P&F isn't great either...there are many better one's out there I think.
Disclaimer: I've been known to be totally wrong on my stock picks!! :*)
Good Luck!
909's,
-Joe |
