Gang, here's another technical reason why AFCI may be bottoming. Check the price action versus volume over the last five trading sessions_ note that as volume accleerated to the down side each day over the last five days, however do note that the percentage downward movement in the stock price increased. This suggests that selling may be climaxing, and that we will enter a new phase shortly.... Sincerely, Doug F.
Date
Close
Change
Day High
Day Low
Volume
Dec 09
7 1/2
- 1/2
-6.25%
8 1/16
7 1/2
3,571,700
Dec 08
8
- 1/2
-5.88%
8 5/8
7 13/16
3,166,100
Dec 07
8 1/2
- 5/32
-1.81%
9 1/8
8 1/2
2,463,300
Dec 04
8 21/32
- 3/32
-1.07%
8 7/8
8 1/2
1,215,600
Dec 03
8 3/4
- 5/16
-3.45%
9 1/8
8 5/8
1,617,200 |
