Yes , it was hit several times, but this time it broke and closed below......it is worth noting that it also closed below on a Friday, a weekly close, which is even more significant.......
Secondly, although volume was on the light side, there was a significant increase in block trades, ie. trades over 5,000 shares. This is important because individuals do not trade these amounts. They are more than likely trades from institutions, and today they were almost all on the sell side........;^)
You wrote:
And 50 days EMA was hit no more than last month, according to charts, and bounced back sharply.
P.S. Thanks for the link to that free charting site, it is the best on the 'net that I have seen yet,.....have a great weekend....
See the chart here:
askresearch.com
;^) |
